Financial analyst Alexey Kozyrev advised Ukrainians in which currency it is better to keep money.
This was reported by URA-Inform with reference to financial analyst Alexey Kozyrev.
According to him, money should be kept both in hryvnia savings (about 40%) and in foreign currency (50-55%).
“My recommendation is 50/50 in dollars and euros, but if you want to diversify the currency part even more, then I would keep 50% in dollars, 35% in euros, 7.5% in pounds and 7.5 in Swiss francs,” the expert noted.
The remaining 5-10% of savings, Kozyrev noted, can be invested in precious metals: gold or silver.
“You need to make a decision about whether to keep money in cash or on deposit in banks based on their features. The advantages of cash are high liquidity. Dollars or euros can be instantly exchanged for hryvnia at banks, exchange offices, etc. In addition, cash circulates between people,” added Alexey Kozyrev.
The advantage of non-cash storage of money, according to him, is that “you can earn interest on it.” This way, the money will work. However, it is worth remembering the risks that exist for both cash and non-cash storage of money.
It will also be useful to know that the number of counterfeit hryvnias has increased in Ukraine: how to recognize a fake.