GENERICO.ruEconomicsThe Ministry of Finance called the digital ruble the cash currency of the 22nd century

The Ministry of Finance called the digital ruble the cash currency of the 22nd century

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MOSCOW, October 30 The digital ruble, in fact, is the cash currency of a new era, the 22nd century, said Deputy Minister of Finance Alexey Moiseev, speaking at the international customs forum.
“” Essentially, this is a cash currency of the 22nd century or some other, which by and large will have to replace cash. The most important task here in this situation is to ensure the use of the digital ruble offline, without access to the Internet, then, of course, the convenience compared to using cash and non-cash transactions will be the highest,” he said.
Moiseev explained that in accordance with the concept and regulation within the framework of the pilot, the digital ruble “by its generic characteristics” is more similar to cash than to non-cash money. He recalled that the actual operators of digital rubles are not banks. “Banks have rather limited roles; they open digital wallets that are located in the Central Bank. That is, in fact, banks only identify clients,” the deputy minister explained.

The International Customs Forum is taking place on October 30-31, 2023. is a strategic information partner of the forum.
April 1, 10:40

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