Placing treasury bonds for population is one of the most reliable tools in our country as the government fully guarantees the payment and refund, finance minister Yuri Kolobov told a press briefing after the Cabinet’s meeting, ForUm correspondent reports.
"I hope that this will be a popular tool, and we expect the first series to quickly disperse. We signed a contract with the Savings Bank as it has the most extensive network. However, other banks will also be able to work with this tool," he said.
According to him, this investment is an alternative to investing in a paper called the dollar. In this case, people will be paid interests. We do not set the goal - to compete with commercial banks.
"De-dollarization of the economy happens for last two years. There is nobody to lend foreign currency in. There is reorientation to the national currency," finance minister said.
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