The rating agency Moody’s published a material stating that if the digital ruble is introduced in Russia, there may be an outflow of funds from bank accounts into the digital ruble and this will lead to an increase in interest rates on bank deposits.
The launch of the digital ruble in Russia may cause an outflow of funds from bank accounts, according to the material of the international rating agency.
This “will ultimately lead to an increase in the cost of funding, which will negatively affect the creditworthiness of banks,” the material says.
The company also believes that the income of banks from transactions will increase, as customers will make more transactions with digital rubles directly through the accounts of the Central Bank of the Russian Federation, and not through bank accounts.