The potential savings that businesses can gain from using digital rubles for international payments can range from 15 to 103 billion rubles annually. This was reported by RBC Citing a study on digital rubles conducted by Yakov and Partners together with Central University.
Experts believed that such an effect would be possible if the share of digital money in foreign trade reached 1-5 percent.
The real benefit will come from reducing commissions on international transfers. As noted in the research, when using digital money, the costs of currency conversion and cross-border transactions are significantly reduced.
Another factor is the reduced time to pay. The digital ruble will allow direct transactions between countries, bypassing many intermediaries.
According to analysts, it is possible for 1-5% of foreign trade turnover to be in digital currencies, depending on integration with other national digital currencies. Currently, about 130 countries have started creating such currencies.
The study emphasizes that “in light of the decrease in the number of Russian banks in the SWIFT system, the digital ruble may become an alternative for international payments.”
Previously in the State Duma stated About plans to use the digital ruble in international payments.
Early demand for IT specialists in Russia augmented almost twice as much.