Ukrainian Economists Advise Keeping Savings in Banks

For Ukrainians with savings, it is recommended not to keep money 'under the pillow' as it will lose value due to inflation. Savings should be kept in the banking system and divided. This advice comes amidst discussions about Ukrainian savings and the country's financial situation. Andriy Novokom, Head of the Committee of Economists of Ukraine, advised citizens to keep their savings within the banking system for maximum protection. He differentiated between protecting savings and earning maximum returns, stating the latter requires different tools. The economists said the stability and security offered by regulated financial institutions. They believe this approach will help individuals protect their assets during challenging times. This recommendation comes amid ongoing economic uncertainty. The advice aims to maintain financial stability and confidence in the banking sector.