Russian rouble is falling because of new anti-Russia sanctions, most of Russians think.MOSCOW, April 18, 2018. The Russian Public Opinion Research Center (VCIOM) presents the results of a study devoted to the situation in the exchange market. A considerable rise of the US dollar/euro which started last week did not spread panic among the public: 60% of Russians are not worried about that. Two-thirds (65%) are not going to take any actions even if the US dollar continues rising.
Anxiety related to the rising foreign currencies is expressed by 36% of respondents. Compared to the sample mean, this share is much higher among Muscovites and Petersburgians (46%), respondents who assess their income as low (46%) and those who follow the US dollar exchange rate (49%).
According to many respondents, foreign currencies are rising in value because of the international political situation. About one-quarter of respondents (23%) consider that anti-Russia sanctions cause the dollar/euro exchange rates to rise.
In case US dollar keeps rising, 12% will opt for spending money on everyday needs, 8% will invest in real estate or other valuable items.
An overwhelming majority (94%) has not purchased any currencies over the recent month or two.
The VCIOM-Sputnik survey was conducted on April 12-13, 2018. The survey involved 2,000 Russians aged 18 and over, and was carried out using stratified dual-frame random sample based on a complete list of landline and mobile phone numbers operating in Russia. The data were weighted according to selection probability and social and demographic characteristics. The margin of error at a 95% confidence level does not exceed 2.2%. In addition to sampling error, minor changes in question wording and different circumstances arising during the fieldwork can introduce bias into the survey.
The 2011-2015 results are based on household surveys.
|Are you worried about the current US dollar/euro rise? (closed-ended question, one answer, % of all respondents)|
|Total respondents, 2018||Persons who assess their financial income as very high or high||Persons who assess their financial income as average||Persons who assess their financial income as low or very low|
|US dollar and euro rise in value, while the Russian rouble to US dollar/euro exchange rate is falling. In your opinion, what is it caused by? (open-ended question, any number of answers, % of all respondents)|
|Total respondents, 2018|
|Sanctions against Russia||23|
|International political situation||8|
|Changing oil prices||6|
|Artificial weakening of US dollar exchange rate||4|
|Russia’s dependence on energy||3|
|Measures of the Central Bank of Russia||2|
|Unstable Russian rouble exchange rate||2|
|Aggravation of the Syrian situation||1|
|The government took the wrong actions||1|
|Russia’s dependence on US dollar||1|
|Situation in the global financial market||1|
|An attempt to help businessmen under sanctions||1|
|I do not see any rouble decrease||2|
|If the US dollar keeps rising, what will you do? (closed-ended question, up to 2 answers, % of all respondents)|
|Total respondents, 2018||Aged 18-24||25-34||35-44||45-59||60 and over|
|I will change Russian roubles to US dollars||2||5||5||2||1||1|
|I will buy real estate or other valuable items||8||12||12||10||7||4|
|I will spend my savings on small purchases and everyday needs||12||13||13||16||14||6|
|I will not do anything special||66||53||57||62||67||76|
|Have you bought foreign currencies over the recent month or two? If yes, what currency? (closed-ended question, any number of answers, % of all respondents)|
|Yes, I have bought US dollars||4||6||6||6||3||4|
|Yes, I have bought Euro||4||2||3||3||1||2|
|No, I have not bought any currency||92||90||90||91||95||94|
|Yes, I have bought other currency||0||1||0||0||0||1|
* Up to 2015 the question was asked about one month.Note: Using materials from the site www.wciom.ru or wciom.com, as well as distributed by VCIOM, the reference to the source (or hyperlink for the electronic media) is obligatory!