Is this number realistic???
On Wed, Aug 07, 2002 at 04:25:30PM +0400, ChrisD(RJ) wrote:
> Russians stuff 80 billion dollars under mattresses: watchdog
> By Dmitry Zaks
Chris Doss The Russia Journal ------------------ Me:
Probably. It's huge. This isn't just stuff "stuffed under mattresses," it's any money saved in cash and not in bank accounts. Nobody in Russia outside of big business uses banks; they don't trust 'em. Which makes it hard to get loans, which is a real problem for the economy. I don't have any money in the bank, it's all at home.
The joke after the 1998 crisis was:
Man walks into a bank and asks the teller who he should speak with to open an account.
Teller answers: "You should see a psychiatrist."
Chris Doss The Russia Journal