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Dec 27, 2020
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The Central Bank ruled out the possibility of creating deposits in digital rubles in Russia


The Central Bank of the Russian Federation is not considering the possibility of creating deposits in digital rubles in Russia, said Deputy Chairman of the Central Bank of the Russian Federation Alexey Zabotkin.

The digital ruble for deposits and loans will not be used within the framework of the basic concept. Digital ruble deposits are not provided.

Also, they will not be included in the digital ruble mechanism, as well as the issuance of loans in a similar way. The CBR is not going to compete with the banking community for accepting deposits in the savings market.

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