Accumulation of toxic currency plays into hands of population in Russia

24.01.2023

According to the Bank of Russia, extended household savings increased by RUB1.3 trillion in November 2022 to RUB82.3 trillion (see graph). In their structure, bank deposits occupied 49%, cash 25%, stocks and shares 10%, insurance and pension savings 8%, escrow accounts 5%, debt securities 3%, money in brokerage accounts less...