Russia: VTB Bank discussed with president Putin the real-world test launch of a new digital ruble
The Chairman of the Russian VTB Bank, Andrey Kostin discussed with president Vladimir Putin the real-world test launch of a new digital ruble across 13 banks. The system, which would allow international transactions in national currencies, is mostly being tested in Asian countries, which according to kostin, are friendly to russia today". teleSUR
Transcript
00:00 The chairman of Russian VTV bank, Andrei Kastin, denounced with President Vladimir Putin the
00:07 real-world test launch of new digital rubble across 13 banks.
00:12 The system, which would allow international transactions in national currencies, is mostly
00:17 being tested in Asian countries, which, according to Kastin, are friendly to Russia today.
00:25 The digital rubble is being launched under the leadership of the central bank.
00:29 Thirteen banks are participating in this.
00:31 This is, although not an experiment, this is, in general, the introduction of the digital
00:36 rubble into practice.
00:37 We know that there is a digital yuan.
00:39 We are also working on this basis.
00:41 Therefore, I think that this and next year we will see much a rapid transition to settlements
00:46 in national currencies in the countries of the so-called global South, that is, in the
00:51 developing states, the states that are friendly to us today.
00:54 [BEEP]