According to Dmitry Tulin, deposits should be made only in a certain currency.
The first deputy head of the Central Bank Dmitry Tulin, in an interview with the media, said that the economic essence of foreign currency deposits in Russian banks had changed against the background of anti-Russian sanctions. So, they, in fact, turned into “ruble”.
According to him, the risks of storing deposits in the currency of “ friendly ” country at the same time are low.
Tulin explained that it is increasingly difficult for banks to fulfill obligations on “toxic” currencies, and the deposits themselves “actually turn into ruble-denominated ones linked to the exchange rate.”
If we talk about the introduction of a commission for the storage of currency by banks, then this is logical, but the measure is unlikely to be popular.
Thus, the expert believes, banks squeeze funds out of foreign currency clients for the sake of customer benefit. And such a “good deed” does not benefit the credit institutions themselves.
In his opinion, it is safer for clients to use the currency of those countries that do not apply sanctions against the Russian Federation, and although there are theoretically risks that they will change their decision, practice shows otherwise.
“The geographical distribution of geopolitical risks is quite stable and predictable,” Tulin believes.
According to the Central Bank, in June 2022, the share of foreign currency deposits of individuals fell to 11.5%, the forecast for next year is 10%.
Rane Topnews wrote that the deposit tax will affect Russians with deposits from 70,000 rubles.