Page 57 - RusRPTNov18

6.2 Debt
Russia - External debt 2012 2013 2014 2015 2016 2017 Jan-Jun ‘18
Budget: external debt (USD bn)
2,363.52 2,844.56 2,729.43 2,169.01 2,073.22 2,096.24 1,005.41
Budget: external debt (% GDP)
29.02 31.73 29.07 37.89 39.83 32.84 /
source: CEIC, CBR
7.0 FX
RUSSIA -FX
2Q16
3Q16
4Q16
1Q17
2Q17
3Q17
4Q17
1Q18
2Q18
Currency (units per EUR) (eop)
71.21
70.88
63.81
60.60
67.50
68.04
69.26
70.36
73.39
Currency (units per USD) (eop)
64.26
63.16
60.66
56.38
59.09
58.02
57.73
57.09
62.73
Currency (units per EUR) (average)
74.38
72.15
68.13
63.27
62.88
69.22
68.78
69.88
73.73
Currency (units per USD) (average)
65.88
64.62
63.07
58.82
57.14
59.00
58.41
56.87
61.783
In September, Russian citizens continued to actively withdraw currency from Sberbank accounts . Over the month, the volume of such deposits decreased by $0.9bn, from the beginning of August the volume decreased by more than $2bn. The outflow of funds from individuals' deposits in Sberbank occurred amid growing rumors about a possible forced conversion of foreign currency deposits. However, after the reassuring statements of the head of the Bank of Russia Elvira Nabiullina, as well as the rise in interest rates on foreign currency deposits, outflows can be reduced.
57 RUSSIA Country Report November 2018 www.intellinews.com