EconomyThe analyst chose the currency that is better to...

The analyst chose the currency that is better to buy before the New Year.

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A girl walks past an exchange office in Moscow. archive photo

Expert Vasiliev advised to buy the currency of friendly countries, including the yuan, until the New Year

MOSCOW, November 20 – RIA Novosti. If you want to buy foreign currency before the New Year, it is better to give preference to the currencies of friendly countries in the form of bonds. interview Chief Analyst of the agency “Prime” Sovcombank Mikhail Vasiliev.

The expert reminded that the euro and dollar continued to be toxic against the background of the Western sanctions policy and their purchasing power decreased due to high inflation in Europe and the USA.

According to Vasiliev, if you want to invest before the New Year, you should prefer the currencies of friendly countries, especially the yuan.

“The most promising is the Chinese yuan,” the expert advised.

The analyst concluded that investments in Chinese currency bonds and papers of Russian companies will bring positive real returns.

Source: Ria

Emma
Emma
I am Emma Sickels, a highly experienced journalist specializing in news and economy. As an author at News Unrolled, I cover the latest trends in the economic sector and provide readers with valuable insights into its complexities. My work has been featured in various media outlets such as The New York Times, USA Today, Bloomberg Businessweek and many more.

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