The introduction of the digital ruble will not affect the total money supply, but will change the ratio between cash and non-cash funds. Sofya Glavina, Associate Professor of the Faculty of Economics at RUDN University, told Prime news agency about this.
The expert recalled that the money supply is the total amount of money in circulation, and this indicator is calculated by the Bank of Russia. It includes both cash and non-cash rubles, without separation by form.
Since the digital ruble is one of the forms of the national currency, the fact of its appearance will not affect the overall indicator in any way
According to her, the change can only occur in the structure of the money supply. According to experts, the digital ruble is able to reduce the share of cash by 5-10% by 2030, but the total amount of money in the economy will remain the same.
Imagine you have 100 rubles. You can keep them in cash, on a card, or in digital rubles - it's still the same 100 rubles, just in a different form
Glavina added that inflation, economic growth and the policy of the Central Bank, but not the very fact of the introduction of digital currency, can affect the total money supply.
Read more on the topic:
- Digital Ruble in the Budget Process: What Changes Await the Financial System of Russia
- State Duma Adopts Law on Mass Introduction of Digital Ruble from September 1, 2026
- Digital Ruble to Be Used in Russia's Budget System from October 2025
