{"id":30910,"date":"2020-10-29T13:49:37","date_gmt":"2020-10-29T11:49:37","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=30910"},"modified":"2025-08-28T00:37:53","modified_gmt":"2025-08-27T21:37:53","slug":"nabiullina-the-digital-ruble-could-affect-banks-business-models","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/nabiullina-the-digital-ruble-could-affect-banks-business-models\/","title":{"rendered":"Nabiullina: The digital ruble could affect banks&#8217; business models"},"content":{"rendered":"<p>As part of studying the possibility of issuing the digital ruble, the Bank of Russia is conducting discussions with banks, as this could potentially affect their business models. Nabiullina said this at the Russia Calls! forum.<!--more--><\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/n_4okbVJEaI\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>She added that liquidity management could become more complex.<\/p>\n<blockquote>\n<p>\u201cBut the central bank is ready to calibrate its tools so that banks have no concerns,\u201d Nabiullina said.<\/p>\n<\/blockquote>\n<p>She also said that the revenue structure could potentially change \u2014 \u201cthe costs of individual operations will fall, but the convenience will lead to a larger volume of such operations.\u201d<\/p>\n<p>The head of the Bank of Russia noted that the regulator intends to make this system open so that, on the basis of the digital ruble, all market participants develop services and offer new services.<\/p>\n<blockquote>\n<p>\u201cIn our view, there are potential benefits for the economy as a whole. It will reduce transactional costs, give businesses more payment-method choices, and contribute to the development of the digital economy,\u201d Nabiullina said.<\/p>\n<\/blockquote>\n<p>She stressed that the final decision on issuing the central bank&#8217;s own digital currency has not yet been taken.<\/p>\n<p><span style=\"font-weight: 400;\">Earlier, the head of the Bank of Russia <\/span><a href=\"https:\/\/u1f987.com\/en\/news\/nabiullina-outlines-indicative-timeline-for-digital-ruble-launch\"><span style=\"font-weight: 400;\">said<\/span><\/a><span style=\"font-weight: 400;\"> that testing of the digital ruble could begin by the end of next year.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Earlier, the Bank of Russia <\/span><a href=\"https:\/\/u1f987.com\/en\/news\/peskov-digital-ruble-will-help-fight-poverty\"><span style=\"font-weight: 400;\">presented<\/span><\/a><span style=\"font-weight: 400;\"> a report on the digital ruble in October.<\/span><\/p>\n<p>For details on exactly how the regulator plans to implement the initiative, read ForkLog&#8217;s exclusive.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"uc1lBIoA67\">\n<p><a href=\"https:\/\/u1f987.com\/en\/news\/accessibility-and-traceability-how-the-bank-of-russia-sees-the-digital-ruble\">Public accessibility and traceability: how the Bank of Russia sees the digital ruble<\/a><\/p>\n<\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"\u201cPublic accessibility and traceability: how the Bank of Russia sees the digital ruble\u201d \u2014 ForkLog\" src=\"https:\/\/u1f987.com\/exclusive\/obshhedostupnost-i-otslezhivaemost-kakim-bank-rossii-vidit-tsifrovoj-rubl\/embed#?secret=PwuUaHHecc#?secret=uc1lBIoA67\" data-secret=\"uc1lBIoA67\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As the Bank of Russia studies the possibility of issuing a digital ruble, it is engaging with banks as this could affect their business models. Nabiullina said this at the Russia Calls! forum.<\/p>\n","protected":false},"author":1,"featured_media":30911,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[345,1165,1996],"class_list":["post-30910","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bank-of-russia","tag-digital-ruble","tag-elvira-nabiullina"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=30910"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30910\/revisions"}],"predecessor-version":[{"id":30912,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30910\/revisions\/30912"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/30911"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=30910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=30910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=30910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}