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Digital ruble should not affect inflation, Bank of Russia says
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The Bank of Russia will only fully adopt a central bank digital currency (CBDC) if the digital ruble meets several conditions within pilot tests, governor Elvira Nabiullina said.
Nabiullina spoke of the digital ruble before the State Duma Committee on Financial Markets on Monday, disclosing more details about the CBDC rollout, local news agency Interfax reported.
The Bank of Russia will only adopt the CBDC after the bank makes sure that rubles can be easily converted from cash into the digital ruble and non-cash, and only at a one-to-one ratio, she said.
“It should be a real full-fledged ruble, no discount or anything else,” Nabiullina noted, adding that the central bank expects to test the digital ruble for at least one year before an actual
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