The issue is still under development, and the transition to the initiative will depend on sufficient support. This was announced on November 10 by Deputy Governor of the Central Bank, Zulfiya Kakhrumanova, according to Interfax.
Currently, no interest is accrued on digital ruble accounts. The Bank of Russia explains that this form of national currency is intended for payments and transfers, not for savings.
According to Interfax, Kakhrumanova linked the discussion to China's experience: she stated that they are already moving towards accruing interest on digital currency. The agency's report does not contain details about a possible rate or timeline for changes.
On the same day, a Central Bank representative announced that the regulator expects cashback offers from manufacturers and retail companies. Currently, such rewards for payments are usually offered by banks, Interfax reports. No decisions on launching cashback with the digital ruble have been announced.
