https://sputniknews.in/20230418/bank-of-russia-ready-to-launch-digital-ruble-pilot-project-1592282.html
Bank of Russia Ready to Launch Digital Ruble Pilot Project
Bank of Russia Ready to Launch Digital Ruble Pilot Project
Sputnik India
The Bank of Russia is planning to issue a digital ruble as an additional form of Russia's national currency
2023-04-18T16:23+0530
2023-04-18T16:23+0530
2023-05-08T00:18+0530
dedollarisation
digital currency
digitalization
digital ruble
russia
trade in national currencies
russia
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The Central Bank of Russia is ready to roll out a digital ruble pilot project which will be available for general use once completed, Governor of the Bank of Russia Elvira Nabiullina said on Tuesday.How Will Digital Ruble Work?Is the digital ruble the same as a cryptocurrency? What is the digital wallet they will be stored in? What are the benefits of the digital ruble? Find all the answers in our infographic!
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digital ruble pilot project, what is digital ruble, is digital ruble available, russian digital currency, which countries have digital currency, digital rupee, russian national currency ruble,
digital ruble pilot project, what is digital ruble, is digital ruble available, russian digital currency, which countries have digital currency, digital rupee, russian national currency ruble,
Bank of Russia Ready to Launch Digital Ruble Pilot Project
16:23 18.04.2023 (Updated: 00:18 08.05.2023) Russian economists believe the digital ruble can become a more accessible means of payment for citizens and businesses than cash or traditional bank transfers.
The Central Bank of Russia is ready to roll out a digital ruble pilot project which will be available for general use once completed, Governor of the Bank of Russia Elvira Nabiullina said on Tuesday.
"We are ready to start the digital ruble pilot project, which means conducting real transactions with real money, but initially for use with a limited sum of money as with the number of clients. Once the pilot project has been completed, we will be able to offer the digital ruble to everyone," Nabiullina told legislators at the lower chamber of the Russian parliament.
How Will Digital Ruble Work?
In December 2021, the creation of a prototype of the digital ruble platform was completed, and 12 banks expressed their desire to take part in its testing.
The Bank of Russia is planning to issue a digital ruble as an
additional form of Russia's national currency.
It will be possible to use the digital ruble
offline and for
online payments.
The regulator will grant access to the digital ruble to all economic agents, including individuals, businesses and the government.
Is the digital ruble the same as a cryptocurrency? What is the digital wallet they will be stored in? What are the benefits of the digital ruble? Find all the answers in our infographic!
