The Chairperson of the Central Bank answered one question that worries many Russians.
Elvira Nabiullina commented on rumors about freezing citizens' bank deposits.
The head of the regulator was asked a clarifying question in the State Duma, TASS reports.
Russians and some experts are frightened by the risk that banks will allegedly be unable to fulfill their obligations to depositors in the future. In this case, Russians' deposits will be frozen.
"Well, what can I say? I can say that it is probably hard to come up with a greater nonsense than this idea," Nabiullina gave an exhaustive answer and dispelled the rumors.
Meanwhile, financiers note that the era of ultra-high interest rates on deposits has arrived in Russia.
The current situation on the banking products market has prompted many Russians to take their savings to banks at interest rates that have already reached 25%.
According to analysts, in 2025 the total volume of citizens' deposits will exceed 60 trillion rubles.
For reference
A deposit is a sum of money transferred by a person to a credit institution with the purpose of receiving income in the form of interest generated during financial transactions with the deposit.
