MOSCOW, November 20. Businesses conducting foreign economic activity are increasingly in demand for loans in yuan. But they are unpopular with citizens, Nikolai Kuznetsov, associate professor of the Department of Finance and Credit at the Institute of Economics and Finance of the State University of Management, told the Prime agency.
He recalled that for many companies ruble loans have become more expensive due to an increase in the key rate. Therefore, they are ready to consider foreign currency loans.
The yuan is in demand, first of all, due to the growth of trade turnover with China. In addition, it is easier for Russian banks to make transfers in yuan than in any other currency.
At the same time, ordinary Russians have not yet appreciated the benefits of yuan loans. This currency has become more often used as a tool for savings, but people do not take out loans in it, preferring the ruble. “Everyone remembers how mortgage borrowers were burned by foreign currency mortgages. We don’t need repetition, especially in such difficult times,” concluded Kuznetsov.