Ruble Financial News

15.08 / 16:39

Blockchain Citi Digital Citizens Mobile country electronic Ruble Russia launches test phase for digital ruble

Russia launched the test phase of a digital ruble on Tuesday, in a bid to limit the impact of international sanctions imposed following its offensive in Ukraine. «On August 15, the tests of operations with real digital rubles began,» Russia's central bank told AFP. The trial phase involves 13 other banks and 600 individuals who can make payments at 30 sales points in 11 Russian cities, it added.

15.08 / 14:19

UPS Fighting show performer country Ruble Russia's ruble has tumbled. What does it mean for the wartime economy?

Russia's ruble has fallen a long way in recent months, and the country's central bank has stepped in to try to halt the slide. Until now, the government stood aside as the declining ruble helped its budget. But a weaker currency also poses the threat of higher prices for everyday people in Russia — and the government has finally moved to halt the drop.

15.08 / 13:41

COST UPS CEO Fighting country social Ruble Russia's central bank makes huge interest rate hike to try to prop up falling ruble

Russia's central bank made a big interest rate hike Tuesday, an emergency move designed to fight inflation and strengthen the ruble after the country's currency reached its lowest value since early in the war with Ukraine. The ruble has lost more than a third of its value since the beginning of the year as Moscow increases military spending and Western sanctions weigh on its income from energy shipments. The flagging currency does not mean the Russian economy is in freefall — though it is facing challenges, including rising prices for households and businesses, according to analysts who study Russia.

15.08 / 12:29

Russia Ukraine Ukraine war Ruble Russia’s central bank hikes interest rate to 12% as ruble dips

Russia’s central bank made a big interest rate hike of 3.5 percentage points on Tuesday, an emergency move designed to fight inflation and strengthen the ruble after the country’s currency reached its lowest value since early in the war with Ukraine.

15.08 / 05:15

COST UPS Lowe's Enterprise country Ruble Russia's ruble hits its lowest level since early in the war. The central bank plans to step in

The Russian ruble has reached its lowest value since the early weeks of the war in Ukraine as Moscow increases military spending and Western sanctions weigh on its energy exports

14.08 / 12:27

Russia Ukraine Ukraine war Ukraine Russia Ruble Russian ruble sinks to lowest level since the start of Ukraine war

The Russian ruble has reached its lowest value since the early weeks of the war in Ukraine as Western sanctions weigh on energy exports and weaken demand for the national currency.

12.08 / 19:25

Lowe's country Ruble fall Ruble touches 99 to the US dollar, continuing the Russian currency's monthslong fall

The Russian ruble, steadily losing exchange value in a long fall since the beginning of the year, has hit 99 to the dollar

11.08 / 06:17

UPS CBDC Digital Citizens Metro Ruble Moscow Metro to Join Russia’s Digital Ruble Trial – CBDC Gathering Pace

The Russian Central Bank will pilot its digital ruble on Moscow’s metro system as the nation’s CBDC project begins to gather pace.

10.08 / 06:55

UPS Citi CBDC Digital Citizens stage Ruble week 600 Russians to Trial CBDC Next Week – Digital Ruble Pilot Begins

The Russian digital ruble pilot proper will begin next week, says the country’s Central Bank, with 600 citizens set to become the first people in the nation to use the CBDC.

09.08 / 23:05

Provident Digital Citizens Extreme country Ruble Russia begins digital ruble pilot

The pilot will begin on 15 August and involve select clients of the participating banks. It will test the opening of digital ruble accounts and money transfers to them, person-to-person transfers, bill payments, and QR code-based payments.

09.08 / 07:01

Provident CBDC Digital Citizens Aware Ruble Most Russians Wary of Digital Ruble, Survey Finds – Blow for Moscow’s CBDC?

Most Russian citizens say they distrust or have no interest in using the digital ruble, Russia’s CBDC, a survey has found.

08.08 / 06:21

CBDC Digital Citizens Extreme CEO country Ruble Russian Banks Say Citizens Are ‘Wary’ of CBDC Plans – Digital Ruble Faces Roadblock?

Russia’s biggest banking association has demanded clarification on Moscow’s CBDC plans, and says citizens are “wary” of the digital ruble.

08.08 / 01:53

UPS CBDC Digital performer country Ruble Belarus Prepares to Launch ‘Cross-Border’ CBDC – Russia’s Digital Ruble an Inspiration?

Belarus is set to follow suit with Russia’s CBDC development plans – and plans to launch a digital version of the Belarusian ruble for use in “cross-border” payments.

05.08 / 08:37

Lowe's Ruble Ruble hits lowest value against USD since early in Ukraine war

The ruble has dropped against the U.S. dollar in trading in Moscow to it lowest level since the first month of the war in Ukraine

04.08 / 20:27

Lowe's Ruble Ruble hits lowest value against USD since early in Ukraine war

The ruble has dropped against the U.S. dollar in trading in Moscow to it lowest level since the first month of the war in Ukraine

31.07 / 14:27

Tether Ukraine war Wagner Ruble Wagner Rebellion Triggered Surge in Ruble-Tether Crypto Trading Amid Currency Turmoil

Russian private military company Wagner Group’s march towards Moscow in June triggered a 277% surge in trading volume between the stablecoin Tether (USDT) and the Russian fiat currency.

27.07 / 06:11

CBDC Digital Citizens country social Ruble Russian Regions Welcome Digital Ruble Developments – But When Will CBDC Debut?

Russian regions are welcoming news that the nation’s digital ruble pilot is set to officially launch on August 1, but banks and officials claim that a full CBDC rollout may not come until 2027.

25.07 / 10:01

CBDC Digital Citizens Platform show country Ruble Putin Signs Digital Ruble Law, Greenlighting Russia's Central Bank Digital Currency

Russian President Vladimir Putin has officially signed a bill that will introduce a digital version of the country's national currency.

24.07 / 13:57

CBDC Adoption regulation Bank of Russia Ruble Putin signs law on introduction of digital ruble in Russia

Russia is moving forward with its central bank digital currency (CBDC) as President Vladimir Putin signed the digital ruble bill into law on July 24, according to an official government document.

19.07 / 14:41

CBDC Adoption regulation Banks Central Bank banking Ruble Russian CBDC by 2025? What’s happening with the digital ruble

The Central Bank of the Russian Federation’s (CBR) central bank digital currency (CBDC) project has been developing rapidly. The first news about the initiative appeared in 2020, and a regulatory bill was introduced in 2022, which has now passed through its final reading in the parliament’s lower chamber, the Duma.

19.07 / 07:23

UPS CBDC Digital Cooper Ruble Russian CBDC ‘to Roll Out in 2025’ – Could Banks Accelerate Digital Ruble Launch?

Russian experts think the Central Bank will roll out its digital ruble by 2025, with the nation’s biggest banks expressing their eagerness to work with the central bank digital currency (CBDC).

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