digital ruble Archives

digital ruble

4 April, 2023

Russia wants BRICS nations to explore new trade currency

India and Russia should take the lead in forming a financial relationship to ultimately create a new common currency, according...

Plans for Russia’s digital ruble pilot delayed indefinitely

Business

Wahid Pessarlay

2 April, 2023

Plans for Russia’s digital ruble pilot delayed indefinitely

Reports disclosed that the bill had only managed to scale through the first reading in the State Duma, the lower...

Bank of Russia to pilot digital ruble with real transactions in April

Business

Wahid Pessarlay

24 February, 2023

Bank of Russia to pilot digital ruble with real transactions in April

For the first time, Russia will move ahead with its central bank digital currency pilot program involving 13 banks and...

Russia’s Gazprombank suggests slowing down digital ruble launch fearing losses for commercial banks

Business

Wahid Pessarlay

12 February, 2023

Russia’s Gazprombank suggests slowing down digital ruble launch fearing losses for commercial banks

The digital ruble has received heightened attention as the government intends to use it to circumvent economic sanctions imposed on...

Russia studying CBDCs for cross-border payments amid tightening sanctions

Business

Wahid Pessarlay

13 January, 2023

Russia studying CBDCs for cross-border payments amid tightening sanctions

Efforts to launch the digital ruble are already in place, with testing client-to-business (C2B) operations by selected financial institutions scheduled...

Digital ruble bill submitted to Russia’s State Duma

Business

Wahid Pessarlay

4 January, 2023

Digital ruble bill submitted to Russia’s State Duma

The new draft bill seeks to make the Bank of Russia the “sole operator” of the digital ruble to the...

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Steve Kaaru

21 Nov 2024

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