13 января 200909:31
Customers switch from ruble to forex deposits due to growing forex rates, Rus-Bank-Ural says
‘Our customers started converting their ruble deposits into foreign currency ones (which led to a drop in the former and an increase in the latter) due to the growing dollar and euro exchange rates. One could suppose this trend is to continue this year until the main cause of the rate fluctuations is present – that is, the weakening of the ruble against the dollar and the euro,’ Rus-Bank-Ural’s Market Analysis Director Konstantin Yushkov said to an UrBC reporter. In the meantime, the ruble rate keeps going down against the U.S. dollar, which has been causing a decrease in the volume of ruble