EconomyAnalyst told why it is better to buy dollars...

Analyst told why it is better to buy dollars right now

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Analyst Vasiliev said that buying dollars and euros has now become more profitable

MOSCOW, November 24 – RIA Novosti. Buying cash and non-cash dollars and euros is now more profitable than in previous months. The fact is that the spread, which is the difference between the buying and selling prices, has decreased and approached the exchange rate. However, it is still better to take into account the currencies of friendly countries for some of the savings. said To the agency “Prime”, the chief analyst of Sovcombank Mikhail Vasiliev.

He reminded that the interest in the dollar and the euro fell due to the sanctions, as well as Russia’s policy aimed at reducing the share of the currencies of unfriendly countries. However, the ruble may weaken next year due to the global crisis and the fall in commodity prices. “Therefore, we consider it reasonable to keep some of the savings in foreign currency,” says the expert.

According to him, it is better to prefer friendly currencies that do not have sanctions risks and are stable against the dollar. These are Chinese yuan, UAE dirham, Hong Kong dollar. If you want to hold non-cash dollars but avoid the risks of sanctions, it makes sense to take a closer look at the currency bonds of large Russian companies.

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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