The US dollar devaluation is not risky for the savings holders, as it is less than 5%, the Central Bank (CBCG) replied to Pobjeda newspaper’s question how a further decline in the currency would reflect to our economy. The US dollar was devaluated by 4% compared to euro after the US President Donald Trump’s appointment to the White House.
Of the total deposits, which exceed €2.8bn, savings of citizens and businesses in other currencies amount to 104 million, out of which 80 million is in US dollar.
Corporate deposits in currencies other than euro amount to €16.7m whereas the deposits of population amount to €87.6m. The total amount of corporate loans in the currencies other than euro is €7.4m, and those of the population amount to €9.8m. About 80% of these positions in other currencies are related to US dollar, CBCG stated, adding that there is €2.5bn in loans.
These data on deposits in US dollars shows that the citizens saved in banks lower part of the money they received from abroad, which annually reaches over €350m. According to the latest data from the CBCG, records on current and capital transactions with abroad, indebtedness of citizens and companies at the end of 2015 amounted to $98.8m. Total assets of banks in US dollars, according to the latest data, amount to €169.2m.
