In September, the outflow of foreign currency deposits in 5 times exceeded the inflow of rouble.
Fresh monetary statistics of the national Bank have demonstrated a growing trend in the Deposit market in the previous months, writes tut.by. Deposits in rubles and even increased, but this could not compensate for the increased outflow of foreign currency savings.
On October 1 the population stored in banks 2 billion 739,7 million rubles. It 78,6 million (or 3%) more than a month ago. However, if we consider accrued interest banks, the situation is slightly more modest.
“In September, the banks had to pay investors approximately of 44.1 million (based on the average rates on all term Bank deposits — 19.9% per annum), — says senior analyst of Alpari Vadim Iosub. Thus, without taking into account the percent increase in ruble deposits amounted to 34.5 million (or 1.3%)”. This is more than last month.
Against this background, the outflow of deposits in foreign currency increased. The amount of savings on October 1, amounted to 7 billion 151 million dollars in equivalent.
“Compared with the previous month, the volume of foreign currency deposits decreased by 72 million, but taking into account accrued interest (at an average rate of 3.4% per annum), it turns out that the population was taken foreign currency deposits by 92.5 million dollars,” calculated Vadim Iosub.
Converted at today’s exchange rate it turns out that foreign currency deposits took 5 times more than brought the ruble. “It is clear that a small proportion of foreign currency deposits is shifted in the ruble, but the bulk of withdrawn savings from banks citizens pass to the exchangers, and spend on current consumption,” sums up the expert.
We will remind, in September Belarusians once again acted as net sellers of foreign currency.
