The position of deposits of Russian banks perfectly reflects the situation that has recently developed in the global economy. According to recent investment trends, the amount of funds invested by compatriots in national currency is rapidly increasing. This growth is provided by ruble deposits. Foreign currency deposits, in turn, are less popular.
Due to their inability to provide the necessary level of security for the accumulated capital of the depositor, comparable to the difference in percent on deposits in national and foreign currencies. Thus, the difficult post-crisis situation in Europe, the aggressive
foreign policy of the United States and the lower
interest rate on deposits in euros or dollars make it possible for the domestic currency to become a carrier of capital, with the help of which the Russians will be ready to keep accumulated. Consequently, foreign currency deposits in banks today began to occupy less than half of the entire deposit market. And as statistics say, the ratio in this case is 65% to 35%.
Foreign currency deposits
From a strategic point of view, it is much more profitable for Russians to deal with domestic currency and preserve capital in it. Money today is not only a means of ensuring the exchange of values, but also debt obligations of issuing states. And since these are debt instruments, then their owners, it turns out, are creditors with foreign currency deposits. Interest in a deposit, in this case, is interest on borrowed funds, and banks are financial intermediaries that provide loans to the economies of the issuing countries. But is it worth the Russians to help the United States or Europe, having a whole bunch of internal diseases of their own economy? There is only one answer - of course not!
Is it worth keeping capital in rubles?
However, the domestic monetary system for the newest period of its existence brought many surprises to the holders of ruble deposits. Which in turn,
even the most patriotic compatriots are forced, by abandoning their own principles, to buy foreign currency. But today, times have changed slightly. As we can see, the financial system of the whole world is shocked by the impact of the crisis. The American dollar is waiting for the adoption of the budget and the next stage of the inclusion of
printing presses, which could end in default. The euro, in turn, has been plagued by a crisis for years. The south of the European Union is rapidly becoming poorer and ruining. Russia, in turn, is confident in this difficult economic situation, sells a lot of oil, gas and makes a steady profit. The government of our country, while the leaders of other states are drowning in debt and cutting back on expenses, is constantly trying to implement ambitious, costly projects, using ruble deposits as well.
Currency
deposits in this situation help only the issuing countries of funds, but not our great homeland. A default of the euro or dollar today is just as likely as the fall of the ruble. But is it worth it to feed the economies of foreign countries that are not always friendly towards our homeland, making currency deposits and proportionally affecting their standard of living? Each Russian can independently cope with this issue, having decided in what form to save capital.