Macro· ★★★· neutral·

Bank of Russia's Nabiullina: Digital Ruble Won't Drain Bank Deposits

  • Nabiullina: no interest is paid on digital ruble wallets, so deposits face no risk
  • Nearly 200,000 digital ruble accounts opened in three weeks, 36 banks connected
  • The central bank has recorded no confirmed fraud cases involving the digital ruble
  • The Finance Ministry reported the first taxes and fines paid into the budget in digital rubles
Why it matters: The central bank is easing lenders' fears of liquidity drain, a key factor for deposit stability as the digital ruble scales up.
Source: BeInCrypto RU