Russians urged to abandon dollars Russian news EN

Investor Losev urged to temporarily convert dollars into rubles and place them on deposits

CEO of Sputnik Capital Management Alexander Losev stated that cash dollars are still in demand currency. However, when managing them in a non-cash form, it is worth taking a number of actions, informed expert in an interview with Prime agency.

The investor urged the Russians to temporarily abandon dollars, convert them into rubles and place them on deposits. Now the rates remain high, which will allow you to make a profit on the currency exchange due to the difference in discount rates.

“In the world economic system built over the years, a serious vulnerability was discovered: the stoppage of the “printing press” and the increase in rates Feddisruption of global commodity chains due to anti-Russian sanctions, destabilization of the energy market and other accumulated vulnerabilities, which will lead to a powerful economic crisis, which has not happened since the Great Depression,” Losev warned.

According to the expert, world money will not disappear instantly, but the dollar will not always take a leading position in the market. “Therefore, it is necessary to get used to such currencies as the Chinese yuan and trust the ruble more,” he concluded.

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