Bank of Russia assures digital ruble won’t fuel inflation concerns
The Bank of Russia has clarified that the introduction of the digital ruble, Russia’s central bank digital currency (CBDC), will not lead to inflation or disrupt the country’s financial stability.
In a recently published draft outlining its policies for 2025-2027, the central bank emphasised that the digital ruble would not alter its ability to control monetary policy or manage the supply of money.
"The emergence of a digital form of the national currency will not affect the mechanisms for implementing monetary policy," the bank stated.
It further explained that it will continue using its existing tools to manage liquidity in the market, ensuring that interest rates remain stable.
The digital ruble, designed as a retail currency, will allow users to make direct payments, similar to China's digital yuan.
Some analysts have expressed concerns about the potential economic impact of the digital ruble.
However, the Bank of Russia reassured the public that the new currency would not contribute to inflation.
It clarified that while the CBDC may increase demand for cash and bank deposits, it will not lead to excessive money issuance.
The central bank also highlighted that the existing two-tier banking system will remain intact.
Commercial banks will continue to serve as lending institutions and provide custody services for people’s savings.
They will also support the digital ruble by offering tools for customers to open accounts and conduct transactions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CFTC no longer sees need for crypto-specific risk review in clearing process
Share link:In this post: CFTC has withdrawn two staff advisories from its Division of Clearing and Risk with one of them ending the special standards for crypto derivatives listing. The DCR advisory on clearing of Digital Assets has also been withdrawn with regulator stating crypto should not be treated differently. Despite the several pro-crypto moves by regulators, the crypto market is still struggling.
Popular streamer xQc fuels ongoing AI art vs creative community argument
Share link:In this post: Popular streamer xQc claimed AI-generated art is often better than most artists’ best work Other streamers like Asmongold worry that AI art could harm the future of traditional artists, pushing them to consider different careers. While critics argue AI art lacks human expression, some fans appreciate the convenience and impressive quality of AI-generated creations

The US is asking EU companies to comply with Trump’s anti-DEI order
Share link:In this post: Trump administration pressures European firms to comply with US DEI ban. Legal experts are questioning the enforceability of DEI compliance demands outside the US. US-EU tensions are escalating further.

First Tokenized Warehouse Complex Built in El Salvador
Trending news
MoreCrypto prices
More








