Central bank approves plan to launch digital currency

February 6, Pozirk. The board of the National Bank of Belarus (NBB) has approved a sketch of a plan to launch the digital rubel.
The digital currency is designed to expand national and cross-border payment tools.
The digital rubel will ensure a “high level” of safety of the population’s monetary assets, the bank said. It will help avoid reliance on a single bank and expand services available in remote and sparsely populated areas by offering offline payment options, it added.
It will make it easier for businesses and financial institutions to enter the market, expand business opportunities, reduce the need for intraday liquidity and lower the cost of cross-border payments.
The government will have more opportunities to integrate the national payment system with partners and reduce the cost of budget administration, the bank said.
The digital currency platform is expected to run on distributed ledger technology.
- PoliticsOpposition members meet with Trump officialThe material is available only to POZIRK+
- EconomyRussia blocks melon shipment to BelarusThe material is available only to POZIRK+
- SecurityLithuania boosts border control ahead of Zapad-2025The material is available only to POZIRK+
- Politics, SecurityPoland arrests Belarusian national, to expel diplomatThe material is available only to POZIRK+
- Politics, Security
- Politics, SecurityHungarian foreign minister to visit Minsk on September 10The material is available only to POZIRK+
- Politics, SecurityBelarusian companies Pielenh and Lehmaš continue to manufacture goods for Russian military, BelPol saysThe material is available only to POZIRK+
- EconomyŁukašenka tells bankers to curb inflationThe material is available only to POZIRK+
- Economy
- Politics, Security
- EconomyŁukašenka wants tighter control over bank profitsThe material is available only to POZIRK+
- Politics, Society
- Politics, Security
- PoliticsKGB brands nine people as terroristsThe material is available only to POZIRK+
- SocietyBody of presumed irregular migrant found in Lithuania near Belarus borderThe material is available only to POZIRK+
- PoliticsŁukašenka reaffirms readiness to visit North KoreaThe material is available only to POZIRK+
- Politics, SecurityIrregular Belarus-EU crossings exceed 35,000 since JanuaryThe material is available only to POZIRK+
- PoliticsŁatuška disappointed Moldova’s Sandu received credentials from Belarus' envoyThe material is available only to POZIRK+
- PoliticsReprisals: student persecuted for signing up for female leadership programThe material is available only to POZIRK+
- Politics, SecurityCzechia expels Belarusian diplomat suspected of spyingThe material is available only to POZIRK+