MOSCOW, March 11. /TASS/. The share of households’ funds directed to foreign financial instruments and institutions totaled 8.3% (or 980 bln rubles ($10.8 bln)) from the total amount of money allocated to increase savings in 2023, the Bank of Russia said in the financial market risks review.

This is four times smaller than the figure of 2022, when it stood at 35.2% or 2.995 trillion rubles ($33 bln).

The incremental growth of foreign currency at deposits with nonresident banks slowed down by almost twofold year on year for individuals in 2023. The yuan share in the structure of retail currency deposits with Russian banks gained 10.6 percentage points and reached 22%.

Currency deposits as of January 1, 2024 account for 8.4% of all the retail deposits. The structure of currency deposits did not actually change this January and declined by $0.3 bln.