According to a new survey by the Public Opinion Foundation, the most popular foreign currency for savings among Russians is now the Chinese yuan.

The survey asked participants to imagine that they had just been handed a large amount of currency in rubles, and that they would have to convert it into a foreign currency and then store it in a savings account for five years in that currency. 32% of those surveyed said they would chose to store their savings in yuan. The euro was in second place with 26%, and the dollar came in third with 23%.

The yuan was the most popular currency choice among most of the age categories, except among the younger generation. Russians under 30 were more likely to choose euros (34%) or dollars (36%) as their currency of storage. Among this age group, the yuan only received 32% of the votes. Among Russians with university degrees, the yuan was the best choice for 41% of those surveyed.

Rounding out the top five favorite foreign currencies for savings were the British pound, at 3% and the Turkish lira at 2%. Other choices included the Arab dirham, the Swiss franc, the Japanese yen (all around 2% each), and the Israeli shekel and Iranian rial (1% each).

The majority of Russians however would prefer to keep their savings stored in rubles. If given a choice. Only 15% of those surveyed said they would prefer to store their savings in a currency other than rubles.

The survey queried 1,500 respondents over the age of 18 from 104 Russian localities in late July.

The survey also inquired about the ruble’s exchange rate. Half of those surveyed said they felt the ruble growing stronger against the currencies of the West would benefit the Russian economy. They felt it would help lower prices (9%) and raise Russian living standards (5%). Only 16% felt a weaker ruble is beneficial for the Russian economy.

The Russian ruble had fallen earlier in the week to 101 against the dollar and 111 against the euro, hitting a 16-month low. Following an interest rate hike later in the week by the Bank of Russia, it recovered some of its losses.