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Digital Ruble
The digital ruble () is a central bank digital currency (CBDC), developed by the Bank of Russia, the third form of Russian national currency in addition to the already existing cash and non-cash forms of money of the Russian ruble. All forms of the ruble will be equivalent to each other. The digital ruble will be issued by the Bank of Russia in digital form and will combine the properties of cash and non-cash rubles. History Project In the wake of the development of cryptocurrencies, in October 2017, a draft government resolution was prepared on the technological implementation of the creation of a “cryptoruble”. In October 2020, the Central Bank of the Russian Federation delivered a report on the creation of the Digital Currency of the Central Bank. It was emphasized that the Central Bank will not become a cryptocurrency, since it will be centrally issued by the Bank of Russia, which will become a guarantor of the security of settlements. Units of ruble numbers are dis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Digital Ruble Black Logo
Digital usually refers to something using discrete digits, often binary digits. Businesses *Digital bank, a form of financial institution *Digital Equipment Corporation (DEC) or Digital, a computer company *Digital Research (DR or DRI), a software company Computing and technology Hardware *Digital electronics, electronic circuits which operate using digital signals **Digital camera, which captures and stores digital images ***Digital versus film photography **Digital computer, a computer that handles information represented by discrete values **Digital recording, information recorded using a digital signal Socioeconomic phenomena *Digital culture, the anthropological dimension of the digital social changes *Digital divide, a form of economic and social inequality in access to or use of information and communication technologies *Digital economy, an economy based on computing and telecommunications resources *Digital rights, legal rights of access to computers or the Internet Oth ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rosbank
Rosbank (Russian: Росбанк) was formerly a Russian universal bank and is currently a branch of T-Bank with its own brand focused on corporate clients. In October 2024, Rosbank ranked 11th among Russian banks in terms of assets (2113 billion). According to Forbes Russia, Rosbank was the third most reliable Russian bank in 2024. History Founded in 1993 under the name of AKB Nezavisimost (Independence), the legal status of the bank has evolved several times (1994: TOO, 1996: ZAO). In September 1998, Interros holding company bought the bank and renamed it to Joint Commercial Bank (JCB) "Rosbank". In 1999 the bank's legal status changed to Open Joint Stock Company (OJSC). On 21 November 2000, the Vladimir Potanin and Mikhail Prokhorov associated bank ONEKSIM bank (akas: Uneximbank; Onexim Bank; Oneksimbank) merged with Rosbank. In 2006 Société Générale acquired 20% of Rosbank with an option to purchase an additional package of 30% +2 shares for US$1.7 billion till the en ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Digital Renminbi
Digital renminbi ( zh, 数字人民币; also abbreviated as digital RMB and e-CNY), or Digital Currency Electronic Payment (DCEP, ), is a central bank digital currency issued by China's central bank, the People's Bank of China. It is the first digital currency to be issued by a major economy, undergoing public testing as of April 2021. The digital RMB is legal tender and has equivalent value with other forms of renminbi, also known as the Chinese yuan (CNY), such as bills and coins. The digital yuan is designed to move instantaneously in both domestic and international transactions.Bloomber(26 Nov 2021) China Looks To Set Up Digital Asset Bourse in Virtual Yuan Push /ref> It aims to be cheaper and faster than existing financial transactions. The technology enables transactions to take place between two offline devices. The digital renminbi is seen by some commentators as a form of Mass surveillance in China, Chinese government surveillance and control over users and their financial ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Sanctions During The Russian Invasion Of Ukraine
Following the full declaration of the Russian invasion of Ukraine, which started on 24 February 2022, institutions such as the United States, the European Union, and other Western countries introduced or significantly expanded sanctions covering Russian President Vladimir Putin, other government members and Russian citizens in general. Some Russian banks were banned from using the SWIFT international payments system. The sanctions and the boycotts of Russia and Belarus have impacted the Russian economy in various ways. Nevertheless, Russian authorities have mitigated the impact of sanctions by procuring essential goods from consumer products that are rarely subject to export restrictions, by exploiting globalized supply chains, and by turning toward trading partners who have ignored Western sanctions, such as China, India, Turkey and the UAE. Background and history of sanctions and ramifications History of sanctions Western countries and others imposed sanctions on Ru ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mail
The mail or post is a system for physically transporting postcards, letter (message), letters, and parcel (package), parcels. A postal service can be private or public, though many governments place restrictions on private systems. Since the mid-19th century, national postal systems have generally been established as a government monopoly, with a fee on the article prepaid. Proof of payment is usually in the form of an adhesive postage stamp, but a postage meter is also used for bulk mailing. Postal authorities often have functions aside from transporting letters. In some countries, a Postal Telegraph and Telephone, postal, telegraph and telephone (PTT) service oversees the postal system, in addition to telephone and telegraph systems. Some countries' postal systems allow for savings accounts and handle applications for passports. The Universal Postal Union (UPU), established in 1874, includes 192 member countries and sets the rules for international mail exchanges as a List of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ruble
The ruble or rouble (; rus, рубль, p=rublʲ) is a currency unit. Currently, currencies named ''ruble'' in circulation include the Russian ruble (RUB, ₽) in Russia and the Belarusian ruble (BYN, Rbl) in Belarus. These currencies are subdivided into one hundred kopeks. No kopek is currently formally subdivided, although '' denga'' (½ kopek) and ''polushka'' (½ denga, thus ¼ kopek) were minted until the 19th century. Additionally, the Transnistrian ruble is used in Transnistria, an unrecognized breakaway province of Moldova. Historically, the grivna, ruble and denga were used in Russia as measurements of weight. In 1704, as a result of monetary reforms by Peter the Great, the imperial ruble of the Russian Empire became the first decimal currency. The silver ruble was used until 1897 and the gold ruble was used until 1917. The Soviet ruble officially replaced the imperial ruble in 1922 and continued to be used until 1993, when it was formally replaced with the Russi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Interest
In finance and economics, interest is payment from a debtor or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum (that is, the amount borrowed), at a particular rate. It is distinct from a fee which the borrower may pay to the lender or some third party. It is also distinct from dividend which is paid by a company to its shareholders (owners) from its profit (economics), profit or Reserve (accounting), reserve, but not at a particular rate decided beforehand, rather on a pro rata basis as a share in the reward gained by risk taking entrepreneurs when the revenue earned exceeds the total costs. For example, a customer would usually pay interest to debt, borrow from a bank, so they pay the bank an amount which is more than the amount they borrowed; or a customer may earn interest on their savings, and so they may withdraw more than they originally deposited. In the case of savings, the customer is the lender, and the ban ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Anton Siluanov
Anton Germanovich Siluanov ( rus, Анто́н Ге́рманович Силуа́нов, p=ɐnˈton ˈɡʲɛrmənəvʲɪtɕ sʲɪlʊˈanəf; born 12 April 1963) is a Russian politician and economist. He has the federal state civilian service rank of 1st class Active State Councillor of the Russian Federation. In 2011, he was appointed Minister of Finance by Prime Minister Vladimir Putin substituting in this position Alexei Kudrin, who was forced out and dismissed by President Dmitry Medvedev after publicly criticizing the additional defense spending of 2.1 trillion rubles (US$66 billion) through 2014. Siluanov served as First Deputy Prime Minister of Russia from 2018 to 2020. Biography In 1985, Siluanov graduated from the Moscow Finance Institute with a degree in "Finance and credit". In 1994, he obtained a PhD degree in economics (Russian nomenclature for the degree is кандидат экономических наук). From August 1985 to March 1987, Siluanov served ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Finance (Russia)
The Ministry of Finance of the Russian Federation (), also known as ''MinFin'' (Минфин России), is a Ministry (government department), ministry of the Government of Russia responsible for financial policy and general management in the field of finance. The Ministry of Finance was formed from the Ministry of Finance (Soviet Union), Ministry of Finance of the USSR in 1992 and claims descent from the Ministry of Finance of the Russian Empire first established in 1780. It is headquartered at Ilinka Street 9 in Tverskoy District, Moscow. Anton Siluanov has served as the Minister of Finance since September 2011. History The Treasury Governing body in Russia was established by Imperial Decree of Catherine the Great, Catherine II in October 24, 1780, as The Expedition of state revenues, which was, in fact, the beginning of the creation of state financial authority in Russia. Manifesto of the Emperor Alexander I of Russia, Alexander I "On approval of the Ministries" was fou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
President Of Russia
The president of Russia, officially the president of the Russian Federation (), is the executive head of state of Russia. The president is the chair of the State Council (Russia), Federal State Council and the President of Russia#Commander-in-chief, supreme commander-in-chief of the Russian Armed Forces. It is the highest office in Russia. The modern incarnation of the office emerged from the president of the Russian Soviet Federative Socialist Republic (RSFSR). In 1991, Boris Yeltsin was elected president of the RSFSR, becoming the first non-Communist Party member to be elected into a major Soviet political role. He played a crucial role in the dissolution of the Soviet Union which saw the transformation of the RSFSR into the Russian Federation. Following a series of scandals and doubts about his leadership, violence erupted across Moscow in the 1993 Russian constitutional crisis. As a result, a new constitution was implemented and the 1993 Russian Constitution remains in force ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Duma
The State Duma is the lower house of the Federal Assembly (Russia), Federal Assembly of Russia, with the upper house being the Federation Council (Russia), Federation Council. It was established by the Constitution of Russia, Constitution of the Russian Federation in 1993. The Duma headquarters are located in central Moscow, a few steps from Manezhnaya Square, Moscow, Manege Square. Its members are referred to as deputies. The State Duma replaced the Supreme Soviet of Russia, Supreme Soviet as a result of the new constitution introduced by Boris Yeltsin in the aftermath of the Russian constitutional crisis of 1993, and approved in a 1993 Russian constitutional referendum, nationwide referendum. In the 2007 Russian legislative election, 2007 and 2011 Russian legislative elections a full party-list proportional representation with 7% electoral threshold system was used, but this was subsequently repealed. The legislature's term length was initially 2 years in the 1993–1995 ele ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
