The Russians became interested in buying and selling the national currency of friendly countries in cash. The leaders in demand are the Chinese yuan, the Emirati dirham and the Turkish lira.

Russian banks began to offer cash currency from friendly countries

Demand for “soft” currencies, experts say, is both among tourists and retail investors looking for an alternative to the dollar and euro, Kommersant writes.

“soft” currency – non-convertible or limited convertible currency, that is, buying and selling it without restrictions will not work. It can hardly be exchanged “for hard currency” (dollar, euro, pound sterling, etc.), and if such an exchange is possible, then it is far from market conditions.

The most common soft currency is the Chinese yuan. It can be bought and sold for cash at Sberbank, VTB, Alfa-Bank, Sovcombank, RSHB, Otkritie, ATB.

Sovcombank has launched operations for the purchase and sale of dirhams in cash for citizens, although there is still no exchange trading with this currency.

PSB announced the sale of the Turkish lira. The Turkish lira and the Kazakh tenge can be bought and sold at Sberbank, RSHB also works with lira, and ATB works with tenge.

The head of the NRA’s rating service, Sergei Grishunin, suggested that active retail trading would take place mainly in yuan and partially in lira. Travelers, business travelers and those who have not yet acquired foreign bank cards to settle in friendly countries will need cash.

RB.RU organizes a project meeting Founders Monday for beginners and experienced entrepreneurs. Twice a month on Mondays.


karina pardaeva

Source: RB

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I am Bret Jackson, a professional journalist and author for Gadget Onus, where I specialize in writing about the gaming industry. With over 6 years of experience in my field, I have built up an extensive portfolio that ranges from reviews to interviews with top figures within the industry. My work has been featured on various news sites, providing readers with insightful analysis regarding the current state of gaming culture.


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