“The interaction of digital currency platforms of central banks will increase the availability of cross-border payments with counterparties from partner countries by integrating them, which is especially important in the context of sanctions pressure on the economies of Russia and Belarus, as well as limited access to international payment systems,” he assures.
Kalechitsa claims that the digital Belarusian ruble offers “a number of benefits for the population, businesses, banks and the state.” The report does not specify exactly what benefits the digital version of the Belarusian ruble will offer to the local population.
In Russia, a law was recently adopted to introduce the digital ruble into the banking system. The Central Bank of the Russian Federation, which is assigned the status of the operator of the CBDC platform, now has the right to refuse any commercial bank to conduct a transaction. Several major banks have recently announced that they are ready to test live CBDC transactions.
Meanwhile, more than 65% of Russian companies said they do not see any advantages of the digital ruble for their business.
Source: Bits
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