MOSCOW, April 11 There will be no surge in demand for yuan deposits in Russia at a key rate of 16%, ruble deposits are more profitable, while the volume of savings in Chinese currency is by the end of the year could reach $100 billion, Marina Chekurova, head of the Expert RA rating agency, said in an interview.
““At the current rate, I don’t believe it,” she said in response to a question about whether a surge in demand for yuan deposits is expected. 
Chekurova explained that the rates on yuan are more symbolic than real, and “it is more profitable to keep funds in rubles.”
«Currently, the largest banks have begun to actively increase rates on yuan deposits, as the demand for lending in this currency from Russian companies is increasing. Taking this into account, we can expect that by the end of 2024 the volume of deposits in yuan could reach $100 billion,» she added. 
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