BRICS: Russia to Test Digital Ruble For Citizens & Businesses - Watcher Guru

Retrieved on: 2024-04-02 18:06:40

Tags for this article:

Brazil–Russia relations

Brazil–South Africa relations

China–South Africa relations

India–South Africa relations

Russia–South Africa relations

Central Bank Digital Currency

BRICS

Digital ruble

Dedollarisation

Community business development corporation

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BRICS: Russia to Test Digital Ruble For Citizens & Businesses - Watcher Guru. View article details on HISWAI: https://watcher.guru/news/brics-russia-to-test-digital-ruble-for-citizens-businesses

Summary

Russia is advancing a Central Bank Digital Currency (CBDC) initiative within BRICS to strengthen the ruble and reduce global reliance on the US dollar, potentially influencing broader global market dynamics and encouraging other nations' adoption of digital currencies.

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