Moody Agency&# 039; s spoke about the risks of the digital ruble
Moody specialists&# 039; s believe that the launch of the digital ruble may lead to an outflow of assets from banks, writes TASS, citing a report from the rating agency.
“The reallocation of funds between bank deposits and digital rubles will cause a partial outflow of customer funds from the accounts of commercial banks. This could lead to an increase in interest rates on bank deposits to retain customers and, ultimately, will lead to an increase in the cost of funding, which will negatively affect the creditworthiness of banks, ”the report says..
Analysts describe three main models of central bank digital currency: direct, indirect with partial participation of the bank, and hybrid, which is a combination of the previous two. It is not known which of them the Central Bank of the Russian Federation will choose in the event of a final decision to issue a digital ruble..
In the first case, commercial banks are excluded from the transaction process, and users will be able to conduct transactions with the digital ruble directly through the Central Bank. In such a scenario, citizens and companies are likely to choose to use the risk-free digital ruble and withdraw money from banks..
Indirect analytics model is said to be more acceptable for banks, while clients may not feel much difference.
Earlier, the chairman of the Bank of Russia Elvira Nabiullina said that testing of the digital ruble could be launched by the end of 2021.
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