The head of the party СРЗП, a State Duma deputy, Sergey Mironov, has addressed the government, the Bank of Russia and the emergency sanctions-countermeasures headquarters with a proposal to legalise the digital ruble. REGNUM reports.
According to Mironov, the aim of the initiative is to issue the Russian CBDC for specific purposes. For example, housing construction, development of manufacturing and transport infrastructure.
“The digital ruble should become for Russia a full-fledged investment and reserve currency,” Mironov argues.
The deputy believes that a controlled issuance will provide the economy with funds without fuelling inflation.
Digital rubles will be unable to be exported abroad or used for purposes other than their intended use, he added.
As reported, the digital ruble, as the third form of money, is planned to be launched к 2030 году. In mid-February, the Bank of Russia said it had begun testing the platform in cooperation with market participants.
Following Russia’s invasion of Ukraine and the Western reaction, The New York Times suggested that Russian companies could use the digital ruble to circumvent sanctions.