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The economy expert advises citizens/ Do not keep your savings under your pillow

2022-07-28 20:52:00, Ekonomi CNA
The economy expert advises citizens/ Do not keep your savings under your pillow
Economy expert, Artan Gjergji

The economic expert, Artan Gjergji, has given some advice to the citizens, while talking about the situation in our country.

Gjergji said that Albanians should not keep money under their pillow, but suggested that they invest their savings.

He stated in ABC News that the increase in the interest rate favors citizens to deposit. As he stopped at online services, Gjergji asked that citizens be careful.

"You can invest the money. Citizens should not keep them under the pillow. The increase in the interest rate favors citizens to deposit. Interest rates are the cost of using money in the economy.

A bank didn't get the money it lends you from heaven, it got it from a depositor. It seems to us that the banks have tremendous profits. But banks also have costs. This affects the cost of the country's economy. Albania has a certain level of risk because it enters the developing countries. All these components include interest rates.

Montenegro has less rate risk than Albania. Online services are the future, the pandemic affected. IT always to facilitate our daily life. But the Albanian market is not ready for online services. But citizens should also be careful", said the economic expert./ BA - CNA.al





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