12 September 2023, 04:33
The introduction of the digital ruble will increase the cost of loans by at least 0.5 percentage points, said Alexey Voylukov, vice-president of the Association of Russian Banks.
The Izvestia newspaper reports this.
According to Voylukov, as of August 1, 2023, clients held about 95 trillion rubles in the banking system.
According to ADB forecasts, of this amount, after the launch of a new form of money, citizens and businesses can transfer approximately 15% to the Central Bank’s electronic wallets.
This will lead to a liquidity shortage, which in turn may lead to an increase in the cost of loans by 0.5 percentage points.
Earlier, the head of the State Duma Committee on the Financial Market, Anatoly Aksakov, said that the digital ruble could be used in international payments by 2025.
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