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Russia’s Digital Ruble Project Aims to Boost Economy by $3.2 Billion Annually
Russia’s Digital Ruble Project Aims to Boost Economy by $3.2 Billion Annually
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BTCCSquare news:
Russia's National Rating Agency (NRA) projects the digital ruble will inject $3.2 billion annually into the economy by 2029. The state-backed CBDC, set for nationwide rollout in 2025, will initially prioritize welfare payments and large bank adoption before expanding to smaller financial institutions by 2027-2028.
While commercial banks face short-term implementation costs, the NRA report anticipates long-term profitability. The phased approach mirrors global CBDC trends but stands out for its aggressive economic impact targets—potentially adding 260 billion rubles to GDP at full scale.
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