The deputy chairman of Sberbank assessed the share of the digital ruble in calculations

The digital ruble can take up a tenth of a percent in calculations, says Taras Skvortsov, deputy chairman of the board and financial director of Sberbank.

The digital ruble is a new form of Russian national currency, its use is voluntary and free for Russians.

Taras Skvortsov called foreign trade settlements the only area where the digital ruble can play a positive role, while mutual recognition of the digital ruble by Russia’s partner countries, such as Turkey, China and India, is required.

VLADIVOSTOK, September 4 - RIA Novosti. The digital ruble may take up a tenth of a percent in calculations, this forecast was given to RIA Novosti by the deputy chairman of the board, financial director of Sberbank Taras Skvortsov.

The digital ruble is a new form of Russian national currency in addition to cash and non-cash forms. Its use is voluntary, and all operations for Russians are completely free, said Alla Bakina, director of the Bank of Russia department, in an interview with RIA Novosti.

“The digital ruble is just another instrument. Its advantages are inferior to those existing now. Therefore, if there is no mandatory requirement to use it, then it will not win a large share. Most likely, it will be a tenth of a percent. We’ll see,” Skvortsov said.

The main thing now, according to the top manager, is that the digital ruble has already been launched en masse since September 1. “And we will see in practice what additional capabilities it has. Maybe there are clients who have been waiting for its appearance and will begin to actively use it,” he added.

Skvortsov named foreign trade settlements as the only area where the digital ruble can play a positive role. At the same time, he drew attention to the fact that simply the appearance of a digital ruble in Russia is not enough - its mutual recognition by partner countries with which there are trade relations is required.

According to the top manager, we need to start with Russia’s main trading partners: Turkey, China and India.

Bakina noted earlier in August that the Central Bank was discussing with other countries the possibility of conducting cross-border payments in digital rubles. She added that for international payments, it is necessary for other countries to have their own central bank digital currency platform or another platform with similar functionality.