✉news BusinessBanking first seen 14 h ago, last 7 h ago, peak #18
Russian Finance Ministry pays staff in digital rubles for first time
Original: The Russian Ministry of Finance pays employees in digital rubles for the first time.
Russia's Ministry of Finance has paid its employees in digital rubles for the first time, marking the first use of the central bank digital currency for public sector salaries. The move is being read as a significant step in Russia's push to roll out the digital ruble in everyday state transactions, following earlier pilot programmes with the Bank of Russia.
Why now: It is the first real-world salary payment in Russia's central bank digital currency, a milestone in the digital ruble rollout.
Russian Ministry of FinanceBank of Russiadigital ruble
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