🔥30X Profit Expected from AIG Token🔥 AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Don’t miss this opportunity; join the pre-sale at the official website, PlayAiGames.Online
Advertise here

Bank of Russia Makes Major Announcement on Digital Ruble Currency

AIG PRE SALE


The Digital Ruble, Russia’s central bank digital currency (CBDC), is in the spotlight. The Bank of Russia has revealed its plans for this new form of money. This move is changing how we think about digital currencies in national finance.

Also Read: Shiba Inu: AI Predicts SHIB’s Price For The Weekend

Source: Yahov and Partners – Who Will Benefit From Digital Rubles Report

This image shows where Russia stands in CBDC development compared to other G20 countries. It helps readers understand the global context of the Digital Ruble project.

Digital Ruble’s Impact on Inflation and Financial Stability: Insights from the Bank of Russia

No Effect on Inflation

The Bank of Russia has cleared up worries about the Digital Ruble’s effect on inflation. They stated:

“The emergence of a digital form of the national currency will not affect the mechanisms for implementing monetary policy. The Bank of Russia will continue to manage money market rates by conducting operations for providing liquidity to banks and absorbing it.”

Keeping Financial Stability

Source: Yahov and Partners – Who Will Benefit From Digital Rubles Report

The Bank of Russia says the Digital Ruble won’t harm the country’s financial health. In fact, it might make payments safer and more reliable. They explained:

“The issuance of the digital ruble will not lead to an increase in the amount of money in the economy – only the structure of the money supply will change, but not its volume.”

Also Read: Bitwise Files for a Spot Ripple XRP ETF

No Change to the Banking System

The current banking setup will stay the same. The Bank of Russia confirmed:

“First and foremost, the two-tier banking system will be preserved, credit institutions will retain their main functions – lending to the economy and accumulating the population’s savings.”

Testing the Digital Ruble

The Bank of Russia started testing the virtual Ruble on August 15, 2023. At first, about 600 people from 12 banks took part. Since September 1, 2024, many more have joined in. The bank said:

“Starting September 1, 2024, the pilot has been expanded. The total number of participants increased several-fold as the new stage started.”

Also Read: Shiba Inu: What’s Blocking SHIB From Reaching New All-Time High?

The Digital Ruble is a big step for Russia’s CBDC plans. It shows how digital money might work in the future. As the project grows, many will watch how it affects the economy.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *