The financier pointed out that the acquisition of dollars for savings was unjustified.

Russians have stepped up their purchases of the US currency amid the strengthening of the ruble and the start of the holiday season, but such steps cannot be considered justified for long-term savings. This was announced on May 28 by Olga Gorbunova, an associate professor at the Financial University under the Government of the Russian Federation.

According to the expert, the massive interest in the currency is caused by a combination of two factors: an increase in the exchange rate of the national currency and a simultaneous decrease in bank deposit rates.

"At the same time, the dollar dropped to 70.95 rubles. Such a favorable exchange rate combined with the mentioned factors pushes Russians to exchange offices," Gorbunova explained in an interview with the Prime agency.

At the same time, the specialist stressed that the current surge in demand is a temporary phenomenon. In her opinion, the purchase of dollars is now justified mainly for planned vacation trips. For long-term savings, ruble-denominated instruments such as deposits and bonds remain more effective, since they generate income, while cash currency does not bring profit.

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