All Russians' savings will disappear in December – is a new wave of devaluation coming?

The financial situation in Russia resembles a stormy sky before a storm. As December approaches, experts are expressing concern, predicting difficult times for the ruble.

The apparent stability of the dollar exchange rate of about 95 rubles may be an illusion hiding the coming economic crisis. It is necessary to monitor events and take measures to protect your finances. Panic is inappropriate, but ignoring the signals is dangerous.

Slowdown as a catalyst for decline: In the fall, the Russian economy began to decline, which is reflected in the financial sector. The slowdown weakens the state, reduces tax revenues and increases the likelihood of devaluation. Businesses reduce investments, citizens reduce expenses, which slows down the turnover of funds and weakens the ruble.

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