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Savings will turn to dust: a new wave of devaluation in the fall will wipe out Russians' savings, like in the 90s
Your savings will turn to dust. A new wave of devaluation in the fall will wipe out Russians' savings, like in the 90s.
Financial industry experts are talking about the possibility of a sharp fall in the ruble exchange rate, which could negatively affect the financial well-being of the population. At present, the Russian currency remains stable in relation to major world currencies. However, experts note that the process of ruble devaluation could begin as early as October. The US dollar exchange rate is still fluctuating around 95 rubles, but economists are expressing concern about a possible economic crisis in the fall.
The Central Bank of Russia has not yet made a decision on changing interest rates, but the likelihood of such a step is increasing. Changing the exchange rate may become one of the tools to stabilize the situation on the currency market and prevent the ruble from falling further. However, if financial institutions do not react to the situation, this may have serious consequences for people's savings.
In times of economic uncertainty, many Russians are beginning to think about how to preserve their savings. Economists recommend:
Autumn 2024 may be a difficult time for the Russian economy and its people. It is important to prepare for the changes that may occur and take active measures to protect your financial interests. Follow the news and expert recommendations to quickly respond to changes in the currency market.