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Nabiullina announced the release of a new currency

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New financial reality

The Central Bank of Russia is considering the possibility of switching to a digital ruble in the next five to seven years.

The introduction of the digital ruble can lead to its widespread adoption, which, in turn, will simplify the payment process and provide more effective control over monetary transactions.

Before introducing the digital ruble, the regulator intends to consult with experts and representatives of the business community, which will avoid potential problems and ensure a smooth transition to the new system.

If the project is successfully implemented, Russia may become one of the first countries to introduce the digital ruble, which will strengthen its position in this area and give it the status of a leader on the world stage.

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