Reasons to refuse the American currency

22.03.2021

Associate Professor of the Department of Financial Markets at the Plekhanov Russian University of Economics, Markov, in an interview with the Prime agency, named cases when it is necessary to refuse buying dollars.

According to him, in the short term, it is not worth exchanging rubles for dollars for people who these rubles are not surplus to, but serve to cover their current expenses and maintain the current standard of living. Therefore, the dollar exchange rate is undergoing substantial volatility both in general and in recent years. “You shouldn’t expect to improve your well-being by investing your current funds in it,” said the financier.

If there is an increase in the exchange rate, for citizens and enterprises that do not have direct access to the stock exchange, the effect of this growth may be minimal due to bank fees and rates.