OREANDA-NEWS  According to the results of April 2023, the funds of the population in Russian banks increased by 604 billion rubles. This is reported in the Central Bank's material "On the development of the banking sector of the Russian Federation in April 2023".

"In April, the funds of the population (without escrow accounts) increased quite significantly (+604 billion rubles, or +1.6%) after a moderate increase in March (+0.7%)," the document noted.

According to the regulator, this situation occurred, among other things, due to the advance of social payments before the holidays in May and an increase in their size. In particular, we are talking about the indexation of pensions.

March 7, Chief analyst of the financial supermarket Banks.ru Bogdan Zvarich said that the risks of a weakening of the ruble this year are great, therefore, in order to preserve savings, it is better to partially transfer them to other currencies. The expert pointed out that the possibilities of currency diversification have decreased due to the transition of the dollar and the euro to the status of unfriendly. This contributed to the emergence of infrastructure risks and additional costs associated with the possession of such currencies.

Prior to that, financial analyst and trader Artem Zvezdin called the yuan an "excellent alternative" to the dollar and the euro. The expert noted that the Chinese currency can protect Russians from growing risks from the West.