The Russians were prompted in what currency to keep money in the coming months – Rosbalt

Savings that are not expected to be spent in the long term are best kept in dollars or euros. This opinion was expressed in an interview with the PRIME agency by the head of the analytical research department of the Higher School of Financial Management Mikhail Kogan

As the expert explained, “after the announcement by the Federal Reserve (American Central Bank – ed.) In October that the asset repurchase program will gradually be phased out, and after the acceleration of this curtailment last week, the dollar began to strengthen against the rest of the most powerful currencies in the world.”

Moreover, Kogan stated, the dollar rose in price against the euro from 1.19 to 1.13 amid the general weakness of the European currency and the energy crisis. “So the fact remains that savings that are not planned to be spent on the long-term horizon are best kept in dollars or euros,” the specialist believes.

At the same time, according to him, if we talk about the current moment, the strengthening of the ruble to 73.5 per dollar provides a good opportunity to buy some American currency at a rate better than the entire last month, since the long-term strengthening of the ruble and its departure is below 70 per dollar and 80 per euro is extremely unlikely against the backdrop of growing geopolitical tensions between Russia and the West.

Thus, Kogan believes, given the availability and possible new waves of inflation and devaluation, the dollar and the euro still look like the best options for savings for the next few months, but a small part of the savings should still be kept in rubles if they are urgently needed by a friend.

“In the long-term scenario, the share of the ruble can be no more than 30% of total savings,” the expert advises.

Let us also recall that earlier he predicted that the rate of the Russian national currency, before the New Year, and after it, was and will be influenced by two factors – geopolitics and the actions of traders, investors and regulators in foreign markets.