Russia plans to deploy its digital ruble for trade transactions with BRICS countries, targeting a launch date of September 1. Despite low domestic demand from individuals, businesses, and banks, the digital ruble is seen primarily as an international project to facilitate cross-border trade. This initiative aligns with the broader trend among BRICS nations to adopt central bank digital currencies (CBDCs) for enhanced trade efficiency.
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Russia Aims to Launch Digital Ruble for BRICS Trade by September
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