Before taking a loan, many are puzzled by the question of what currency to take it in, in dollars or perhaps in rubles. Most recently, this rhetorical question was one answer: “Of course in dollars.” This is beneficial if the stable rate on loans that involve a return in dollars or with a steady decline in the dollar. Most borrowers have recently preferred loans in dollars, and only recently the trend has changed slightly and most loans are issued in rubles. It is more profitable – when you make an early repayment, there is no conversion from currency to rubles when transferring. This concerns the standard bank loans, we do not take into account microloans to a bank account. Continue reading →