Nobody needs a depreciating dollar – expert

Russian banks have not yet figured out how to make money on foreign currency deposits in a situation where dollars and euros have ceased to grow steadily and steadily, he told a correspondent IA REGNUM General Director of the management company “UNIVER Savings” Viktor Shakhurin.

“Previously, these liabilities were realized through the provision of foreign currency loans on terms that are higher than in the West, but at the same time affordable for many Russian import-oriented companies.
Since the ruble weakened faster, it was profitable for them to take loans in foreign currency, buy goods abroad, and then, having sold them in Russia, repay the debt in foreign currency and stay in the black.
Now, firstly, imports are rapidly declining due to Western restrictions, and secondly, the ruble is slowly rising in price against …

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