Ruble’s Digital Future. Interview with Director of the Institute of Economics of the RAS M. Golovnin
From April 1, 2023, the Central Bank of the Russian Federation is launching a pilot project to introduce a digital ruble. The new form of money locked on the country's key emission regulator will become an alternative to cash and noncash settlements. What is the fundamental difference of the digital ruble from cash and noncash money and cryptocurrencies? Why do they introduce the new form and what will be its effect on the economic situation in Russia? What countries are introducing national digital currencies? Read answers to these questions in our interview with Director of the Institute of Economics of the Russian Academy of Sciences, Corresponding Member of the Russian Academy of Sciences Mikhail Yuryevich Golovnin.
From April 1, 2023, the Central Bank of the Russian Federation is launching a pilot project to introduce a digital ruble. The new form of money locked on the country's key emission regulator will become an alternative to cash and noncash settlements. What is the fundamental difference of the digital ruble from cash and noncash money and cryptocurrencies? Why do they introduce the new form and what will be its effect on the economic situation in Russia? What countries are introducing national digital currencies? Read answers to these questions in our interview with Director of the Institute of Economics of the Russian Academy of Sciences, Corresponding Member of the Russian Academy of Sciences Mikhail Yuryevich Golovnin.