In light of the events taking place in Russia in 2014, many residents of the country began to worry that a devaluation of the national currency could occur. Will the ruble fall, and how can you keep your money so as not to lose your savings?
Instructions
Step 1
Most economists predicted a fall in the ruble in 2014 by 5-7 percent, but in the first two months of this year, the national currency has depreciated against the bi-currency basket by more than 20 percentage points. There is also a further risk of a weakening of the ruble associated with a decline in exports due to political reasons, capital outflow from the country, high levels of corruption, increased exchange rate flexibility, a possible decline in oil prices, and easing of monetary policy in the United States.
Step 2
In any case, the Central Bank, although it has let the ruble float freely, will not allow a sharp fall in the ruble in 2014. Therefore, according to leading experts in the field of economics, the Russian population does not need to get rid of the national currency and transfer savings into dollars or euros, especially if the amounts set aside for unforeseen needs are small.
Step 3
It is better for owners of capital exceeding half a million rubles to keep their money in several different banks. It is unlikely that it will be possible to increase savings in such an unstable political and economic environment, but it is possible to preserve them and protect them from inflation if money is kept on the principle of accumulating gold and foreign exchange reserves in our country. This means that it is better to set aside about 50 percent of the funds in national currency, and the other half in dollars and euros.
Step 4
Answering the question whether the ruble will fall in 2014 and what is the best way to keep money, it should be noted that the Chinese yuan exchange rate is quite stable, the price of gold is constantly growing, and the value of real estate is growing rapidly, especially in large cities. It is to these areas of investing money that special attention should be paid to everyone who wants to save their savings.
