Foreign currency deposits plunge in Russia ...News

Savings in non-ruble accounts are at their lowest level in a decade, according to the central bank Non-ruble savings of Russian households have dropped to their lowest level in more than a decade, according to the country’s central bank. The share of foreign currency in savings on Russian private accounts has been declining since last year, and amounted to $63.4 billion at the beginning of October. By early November, the share of such deposits had fallen by a further $3.7 billion, and accounted for just 9.4% of household savings, according to the regulator. The level is the lowest since 2012, when households’

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Foreign currency deposits plunge in Russia ...News

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