Russia to Launch Digital Ruble for BRICS Trade by September 1

Russia is set to introduce its digital ruble for trade transactions with BRICS countries, aiming for a launch date of September 1. According to NS3.AI, despite limited domestic interest from individuals, businesses, and banks, the digital ruble is primarily viewed as an international project to enhance cross-border trade. This move is part of a broader trend among BRICS nations to adopt central bank digital currencies (CBDCs) to improve trade efficiency.