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Money Will Be “Burned”: Russians with Savings Warned of Devaluation
The monetary authorities plan to continue to maintain a situation in which the population's savings are gradually "drained".
The famous Russian economist Mikhail Khazin expressed confidence in this, DEITA.RU reports.
According to him, the fall of the ruble and the growth of inflation are happening in Russia for the same reasons. This is due to the lack of cheap money in the country for the development of the real sector. As experts note, the Russian economy is currently underinvested by almost a quarter.
According to Khazin, today a significant portion of the money that should be in circulation in the Russian economy is simply absent. Moreover, the reasons are completely man-made. According to experts, central banks are to blame for this, since they do not provide cheap loans to production.
As a result, the country experiences a shortage of consumer goods, which have to be imported from abroad. Since inflation is currently growing rapidly throughout the world, all prices are rising at a very rapid pace, and this is the situation that the average Russian consumer has to deal with.
In this regard, Khazin warned all Russians about savings and inevitable devaluation, and the next round could take place in the coming months. Earlier, another prominent economist, Mikhail Delyagin, warned Russians about the imminent weakening of the ruble.