Cash goes into the past, and after a few decades they will have to replace the digital currency, stated at the session at the St. Petersburg International Economic Forum (PMEF) the first deputy chairman of the Central Bank (Central Bank) Sergey Shvetsov, writes TASS.
“I think Cash is also once, after 20-30 years, will be marginal. Here the digital ruble will have to replace them. And the speed of creating this product is very much depends on technological readiness,” he said.
Schvetsov noted that a pandemic contributed to the abandonment of cash. “Still, paper is an infection. They say” dirty money “, so we still got both contagious. Probably, this is a depotable technology,” said the representative of the Central Bank. The first deputy chair of the regulator indicated that cash is already used either in the gray zone, or in cases where there are no alternatives.
At the same time, in January, the Central Bank said that the amount of cash in the hands of Russians to the beginning of the year amounted to more than 12.5 trillion rubles, which is 3.2 percent more than in December 2020. During the year, the amount of cash outside the banking system has grown by almost 30 percent.
Digital ruble, according to the head of the Central Bank Elvira Nabiullina, should be the future Russian financial system.
The concept of the Digital Currency of the Central Bank spoke in October 2020. The details of the plan for its introduction were disclosed in April. Estimitate the digital ruble will be the Central Bank, and it is proposed to store it on special wallets in banks. At the same time, polls show that most Russians are skeptical about the initiative. Expressed skepticism and representatives of the financial industry.