Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Currencies  >  US Dollar / Russian Rouble (USD/RUB)    USDRUB   

US DOLLAR / RUSSIAN ROUBLE (USD/RUB)

SummaryQuotesChartsNews 
SummaryMost relevantAll NewsOther languagesMarketScreener Strategies

Russian banks fear digital rouble could hit profits, says central bank

12/03/2020 | 11:44am EST

MOSCOW, Dec 3 (Reuters) - Russian banks are concerned that the introduction of a digital form of the rouble, currently under consideration by the central bank, could hurt their profits, Governor Elvira Nabiullina said on Thursday.

The central bank first floated the idea of the digital rouble in October, saying it may issue it on top of existing cash and non-cash roubles to facilitate payments for individuals and businesses.

"The digital rouble may create new risks. We are closely studying them," Nabiullina said at a meeting with representatives of small businesses.

These could be cyber risks and risks related to the influence of this new form of money on the financial sector, banks and monetary policy, Nabiullina said.

"For now we see that the main concerns about the digital rouble are brought about by banks who view it as a factor in reducing their own profits," she added.

The central bank has said the digital rouble would eventually make Russia's payment systems more robust, but still opposes the use of cryptocurrencies. Russia only gave cryptocurrencies legal status this year, while banning them from being used as a means of payment. (Reporting by Elena Fabrichnaya; Writing by Alexander Marrow; Editing by Catherine Evans)


© Reuters 2020
All news about US DOLLAR / RUSSIAN ROUBLE (USD/RUB)
01/22Schlumberger Fourth-Quarter Results Slide, Still Top Expectations as Oil Mark..
MT
01/22Hungary buys Russia's Sputnik V vaccine, first in EU, minister says
RE
01/22THERALASE TECHNOLOGIES : Expands Intellectual Property Portfolio Globally
MT
01/22Consolidated cargo turnover of NCSP Group for January-November 2020 against t..
DJ
01/22PRESS RELEASE : VST Enterprises Ltd: Heathrow Covid Chaos British Tech Co Has So..
DJ
01/22European Parliament Votes In Favor of Stopping Construction Of Russian Gas Pi..
MT
01/21JAMES DAVIS : Heathrow Covid Chaos British Tech Co Has Solution
DJ
01/21Soybeans set for first weekly loss in 6 as LatAm rains ease supply woes
RE
01/21Soybeans set for first weekly loss in six on LatAm rains
RE
01/21Iraq cuts crude oil supplies for most Indian refiners in 2021- sources
RE
More news
Chart US DOLLAR / RUSSIAN ROUBLE (USD/RUB)
Duration : Period :
US Dollar / Russian Rouble (USD/RUB) Technical Analysis Chart | USDRUB | MarketScreener
Technical analysis trends US DOLLAR / RUSSIAN ROUBLE (USD/RUB)
Short TermMid-TermLong Term
TrendsBullishBearishNeutral