Tag: Russia

A senior Russian official has reportedly stated that the BRICS coalition, made up of Brazil, Russia, India, China, and South Africa, should work together to create a new currency that benefits its member countries and dampens the US dollar's prevailing influence on global trade. According to the report, Alexander Babakov, ...

According to a March 28 report, the Bank of Russia's CBDC pilot program will not begin on its previously announced date of April 1, 2023. The legislation that backs the program has only passed the first reading in the lower house of the Federal Assembly. The report noted that the ...