UrBC, Yekaterinburg, January 22, 2016. The share of dollar/euro deposits at Sverdlovsk Region’s banks dropped from 19,7% down to 18% throughout last year, Deputy Chair of Ural Banking Union Evgeniy Bolotin said at a press conference.

‘This means people are losing their trust in foreign currency and have confidence in the ruble. Also, the foreign travel market shrank, so many former travelers no longer need to buy dollars or euros for their trips,’ Bolotin said.

According to Bolotin, the overall share of foreign currency deposits in Russia on the whole declined from 30.7% down to 28.9% in 2015.