Saturday, August 19, 2017

Russians prefer paychecks in US dollars

A recent survey by HeadHunter’s found that 39 percent of Russian citizens prefer a paycheck in U.S. dollars over a paycheck in rubles.

Ural Business Consulting reported overall the percentage continues to expand. In 2011, 25 percent of Russian citizens preferred the dollar over the ruble. In 2012, the percentage was at 34 percent.

In the Urals, 13 percent of local residents would favor a monthly payment in U.S. dollars, which accounts for 1 in every 10 people; while 22 percent, or 1 in every 5 people, would rather have their paychecks in euros.

Russian citizens prefer the U.S. dollar and euro currencies because of shifting exchange rates.

Workers believe that the exchange rates for the U.S. dollar and the euro will continue rising against the Russian ruble. Of those who partcipated in the HeadHunter's survey, 64 percent believed that foreign currencies would continue growing against the ruble. In 2012, only 49 percent believed the ruble would continue losing value.

It is important to note that 5 percent of the people surveyed say they travel regularly. For these individuals, it is more convenient and beneficial to be paid in a currency other than the Russia ruble.

Organizations in this story

Ural Business Consulting Yekaterinburg, Sverdlovsk Oblast

Get notified the next time we write about Ural Business Consulting!