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ruble

india-and-russia-to-enhance-trade-with-rupee-ruble-payments

India and Russia to Enhance Trade With Rupee-Ruble Payments

Leave a Comment / bilateral trade, Bitcoin, Crypto Hacked, Cryptocurrency, Currency, economic, Economics, Ethereum, Exports, imports, India, Maxim Reshetnikov, non-tariff barriers, OIL, petroleum, ruble, rupee, Russia, Sunil Barthwal, trade deficit / / / , , , , , , , , , , , , , , ,

India and Russia are discussing ways to enhance bilateral trade by adopting payments in their national currencies and reducing non-tariff barriers. The talks aim to facilitate rupee-ruble trade and address trade imbalances, particularly as petroleum dominates current transactions. With a significant trade deficit favoring Russia, both nations seek to diversify trade beyond oil and create […]

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almost-50-russian-banks-accept-yuan-deposits-amid-low-demand-for-dollar-accounts

Almost 50 Russian Banks Accept Yuan Deposits Amid Low Demand for Dollar Accounts

Leave a Comment / accounts, bank accounts, bank deposits, banks, Bitcoin, Chinese Yuan, Crypto Hacked, Cryptocurrency, deposits, Dollar, Ethereum, Euro, Finance, ruble, Russia, russian, Savings, US Dollar, Yuan / / / , , , , , , , , , , , , , ,

A growing number of banking institutions in Russia are offering customers the option to save in Chinese yuan. The trend coincides with declining demand for U.S. dollar and euro deposits amid currency restrictions that triggered a flight of funds to bank accounts abroad. Demand for Dollar, Euro Accounts Expected to Drop Further, Requests for Yuan

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brics-currencies-to-have-no-alternative,-former-russian-president-medvedev-says

BRICS Currencies to Have No Alternative, Former Russian President Medvedev Says

Leave a Comment / Bitcoin, Brazil, brics, China, Crypto Hacked, Cryptocurrency, currencies, Digital Currencies, Digital Currency, dmitry medvedev, Dollar, Ethereum, Euro, Fiat, Finance, former president, India, Medvedev, President, ruble, rupee, Russia, russian, South Africa, Yuan / / / , , , , , , , , , , , , , , , , , , , ,

Fiat currencies of BRICS member states will have no alternative in the future, according to former President of Russia Dmitry Medvedev. Nations in the bloc need to think about their digital forms and a digital currency issued by the group as a whole, the Russian politician said. Ruble, Yuan, Other BRICS Currencies to Take Over

BRICS Currencies to Have No Alternative, Former Russian President Medvedev Says Read More »

dollar-to-play-lesser-role-due-to-its-weaponization,-digital-currencies,-economist-jeffrey-sachs-says

Dollar to Play Lesser Role Due to Its Weaponization, Digital Currencies, Economist Jeffrey Sachs Says

Leave a Comment / Banking system, banks, Bitcoin, CBDC, CBDCs, Crypto Hacked, Cryptocurrency, Digital Currencies, Digital Currency, Dollar, economics professor, Economist, Ethereum, Finance, Jeffrey Sachs, Payments, renminbi, ruble, rupee, Settlements, U.S., U.S. dollar, U.S. economy, US, US Dollar, world economy, Yuan / / / , , , , , , , , , , , , , , , , , , , , , ,

Within the next decade, the U.S. dollar will play a much less dominant role than it is today, according to Jeffrey Sachs. The renowned economist listed a few factors for the diminishing status of the greenback such as its use as a political weapon by Washington, the introduction of currencies like the digital yuan, and

Dollar to Play Lesser Role Due to Its Weaponization, Digital Currencies, Economist Jeffrey Sachs Says Read More »

russian-bank-issues-bank-guarantee-in-chinese-yuan-using-blockchain

Russian Bank Issues Bank Guarantee in Chinese Yuan Using Blockchain

Leave a Comment / Bank, bank guarantee, Bitcoin, Blockchain, blockchain technology, China, chinese, Chinese Yuan, Crypto, Crypto Hacked, Cryptocurrencies, Cryptocurrency, Ethereum, Finance, Masterchain, MKB, ruble, Russia, russian, russian ruble, Yuan / / / , , , , , , , , , , , , , , , , ,

A bank in Russia has issued the country’s first blockchain-based bank guarantee denominated in Chinese currency. The financial institution underscored the advantages of using a digital form of the document and pointed out that demand for yuan payments is growing. MKB Employs Bank of Russia’s Masterchain to Issue Bank Guarantee in Yuan Moscow Credit Bank

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digital-gold-traded-for-digital-rubles-by-russia’s-rosbank

Digital Gold Traded for Digital Rubles by Russia’s Rosbank

Leave a Comment / Atomyze, Bitcoin, Blockchain, CBDC, Crypto Hacked, Cryptocurrency, Deal, DFAs, Digital Assets, Digital Currency, digital financial assets, digital gold, digital ruble, Ethereum, Finance, gold, purchase, Rosbank, ruble, Russia, russian, sale, Transaction / / / , , , , , , , , , , , , , , , , , ,

Rosbank has brokered Russia’s first deal involving the exchange of tokenized gold with the digital version of the Russian national fiat currency, the ruble. The successful transaction demonstrates the growing interest in digital financial assets and the need for digital ruble payments, the banking institution stated. Rosbank and Atomyze Exchange Gold and Rubles in Digital

Digital Gold Traded for Digital Rubles by Russia’s Rosbank Read More »

bank-of-russia-outlines-payment-models-with-digital-ruble,-other-cbdcs

Bank of Russia Outlines Payment Models With Digital Ruble, Other CBDCs

Leave a Comment / Bank of Russia, Bitcoin, C2B, CBDC, CBDCs, CBR, Central Bank, Crypto, Crypto Hacked, crypto payments, Cryptocurrencies, Cryptocurrency, Digital Currencies, Digital Currency, digital ruble, Ethereum, Finance, Payments, presentation, Proposals, ruble, Russia, russian, Testing, transactions, trials / / / , , , , , , , , , , , , , , , , , , , , , ,

The Central Bank of Russia has detailed two methods for implementing the digital ruble and other state-backed coins in international settlements. The monetary authority also plans to start testing consumer-to-business (C2B) operations in the first quarter of the year. Russia’s Central Bank to Propose Platforms for Digital Currency Payments in Foreign Trade Moving forward with

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sberbank-analyst’s-editorial-delves-into-the-‘tremendous-potential’-of-a-brics-reserve-currency-fueling-de-dollarization

Sberbank Analyst’s Editorial Delves Into the ‘Tremendous Potential’ of a BRICS Reserve Currency Fueling De-Dollarization

Leave a Comment / Bitcoin, brics, BRICS national currencies, Chinese Yuan, commodity, Crypto Hacked, Cryptocurrency, currency market, de-dollarization, Economics, Elena Fabrichnaya, Energy, Ethereum, Federation Assembly, international financial system, Legislation, national currencies, OIL, parliamentary forum, R5 currency, Rand, real, renminbi, reserve currencies, reserve currency, ruble, rupee, Russia, Russian International Affairs Council, Sberbank, Settlement, summit, US Dollar, Valentina Matvienko, Vladimir Putin, Yaroslav Lissovolik / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

During the last month, Russia’s ruble has dropped 16.48% against the U.S. dollar as energy and commodity prices have slowed over the last few weeks. Russia’s central bank revealed two weeks ago that it is further distancing itself from U.S. dollar dependence by purchasing the Chinese yuan on foreign exchange markets. Roughly around the same

Sberbank Analyst’s Editorial Delves Into the ‘Tremendous Potential’ of a BRICS Reserve Currency Fueling De-Dollarization Read More »