Digital ruble to be used in international money transfers

by   CIJ News iDesk V
2020-12-02   10:36
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The digital ruble can be used in the future for international money transfers, according to First Deputy Chairperson of the Bank of Russia Olga Skorobogatova. "As far as the opportunity for cross-border operations is concerned, this will be the topic when other regulators issue their currencies too. Not only China but at least several other players too. Then the possible integration with the peer level systems can be the case," she said. If a digital ruble will be adopted, all economic agents, including individuals, businesses, financial markets participants and the government, will have access to it. Digital rubles will be possible to use to pay for goods and services, make payments to organisations and the state, make funds transfers, pay for transactions with financial instruments and digital financial assets.