Romanian Households Hoard Cash Amidst Economic Uncertainty

Romanians' growing preference for cash savings is highlighted in a recent news report, reflecting concerns about economic instability. The National Bank of Romania (BNR) data reveals a 13% increase in banknotes in circulation compared to April 2024. The video features interviews with citizens expressing their reasons for keeping cash, often citing the psychological security of having physical money. "With these fluctuations, you don't even know what's happening anymore," one interviewee stated, reflecting widespread anxiety. An economist interviewed in the report supports the practice of keeping some savings in cash, but also recommends diversifying into euros as a safeguard against devaluation. The report concludes by emphasizing the importance of financial planning and preparedness in uncertain economic times.