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Frozen Deposits in Russia: How Real Is the Risk? How to Protect Your Savings Amid High Interest Rates
... Pavlov’s Reforms, 1991: Restrictions on cash withdrawals and temporary freezing of savings accounts were introduced. Inflation soon eroded the value of these deposits, devastating household finances. These cases show that, despite a seemingly stable banking system, deposit freezes have been used as an emergency economic measure. Global Examples of Deposit Freezes Deposit freezes are not unique to Russia. International examples include: Cyprus, 2013: Amid a banking crisis, the government temporarily froze ...
Modified: 11/26/2024Path: Home / Blog
Wednesday, November 27, 2024: Analysis of Key Events and Reports
... Changes in oil inventories can affect global oil prices. A decrease in inventories usually leads to higher prices, which is important for energy markets in both Europe and the U.S. ECB Representative Speech: McCaul Statements from a European Central Bank representative may contain hints about monetary policy, which is important for traders working with the euro. Emergency Ukraine-NATO Council Meeting The agenda includes discussing the consequences of new systems applied to Ukraine's defense industry facilities. This event may increase geopolitical tensions, affecting currency rates and commodity assets. Corporate Earnings Reports: Pre-Market (Before U.S. Market Opens): Kohl's Corp (KSS): An expected ...
Modified: 11/26/2024Path: Home / Blog
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