Gref named the best time to sell dollars
Now is the best time to sell dollars and redirect money to deposits.
This opinion was expressed by the head of Sber, German Gref, during the investor day.
It is not profitable for Russians to keep their savings in foreign currency when the return on deposits is guaranteed, the TASS article emphasizes.
Gref believes that now is the best time to sell rather than hold dollars.
In 2022, Russians made massive savings in foreign currency.
However, given the accelerated inflation around the world over the past three years, keeping savings in dollars has proven unprofitable.
The head of Sberbank explained that there is no need to expect any new surprises from the ruble.
The Russian currency exchange rate will fluctuate, but there is no room for it to weaken.
Gref added that the equilibrium exchange rate of the ruble is 100-105 rubles and the profitability of deposits is guaranteed.
