Once one of the most popular ways to save among the population. And in general, it has always justified itself as well as https://telegram-store.com/catalog/product-category/channels/business. The ruble exchange rate at each crisis (once every 5-6 years) fell steadily against the dollar and euro.

At the start of the special operation the ruble was hitting the next bottom, but then something that has never happened happened. The ruble began to strengthen actively and the ratio to the dollar became around 60 to 1.

Naturally, everything was not without reason, our Central Bank did its best here, limiting the operations of non-residents, attributing to exporters the sale of foreign currency proceeds and introducing restrictions on currency transactions for citizens. This is an incomplete list of reasons; there is enough material for several articles. You can read about it here.

As a result, panic-stricken people started exchanging their currency for dollars and euros and now they are facing a 20-50% loss.

The rules of the game have changed, it is not clear whether we’ll go back to what it was before. Overall, the ruble has found the equilibrium level around 60 rubles per dollar. But now there is no opportunity to go to the bank and get cash dollars and euros. Foreign currency deposits are being closed and current accounts will be subject to a fee. The government’s rhetoric is that we don’t need these currencies at all.

In such a situation, it is safer to pay attention to the currencies of friendly countries, such as the yuan. It is now possible to buy Chinese money in almost every bank.


  1. Historically, the world’s currencies have been rising against the ruble/
  2. There is a possibility of continuation of the trend, but this requires a change in the policy of the Central Bank.


  1. The ruble has only strengthened against other currencies recently.
  2. Operations with dollars and euros are limited.
  3. Introduction of commissions for currency accounts.

What is it good for?

Yuan can be seen as a long-term investment. With the dollar and the euro, it’s more complicated. For now, it makes sense to buy American currency, for example, if you are going on vacation to Turkey.