Central banks’ digital currencies could become a tool to speed up cross-border payments – EEC
<p> MINSK, Sep 17 - PrimePress. Digital currencies of central banks could become an effective tool to speed up cross-border payments. Minister of Economy and Financial Policy of the Eurasian Economic Commission (EEC) Ruslan Beketayev made a statement to this effect at the seventh meeting of the Expert Council for settlements in national currencies under the Central Bank of the Russian Federation on September 17, the EEC press service reported. </p> <p> </p> <p> “Currently, we are witnessing an increase in the share of cashless payments in the countries of the Eurasian Economic Union (EEU). For example, non-cash transactions in Kazakhstan have increased from 51% in 2020 to 75% in 2021,” Beketayev said. </p> <p> </p> <p> Current economic trends have given many countries the incentive to develop digital currencies, he said. According to the Bank for International Settlements survey, 55 of the 65 central banks of the countries surveyed are conducting research on digital currencies, 39 countries are testing the technology, and nine are already implementing pilot projects to introduce digital currencies. End </p>
2021-09-18
Primepress
Central banks’ digital currencies could become a tool to speed up cross-border payments – EEC
MINSK, Sep 17 - PrimePress. Digital currencies of central banks could become an effective tool to speed up cross-border payments. Minister of Economy and Financial Policy of the Eurasian Economic Commission (EEC) Ruslan Beketayev made a statement to this effect at the seventh meeting of the Expert Council for settlements in national currencies under the Central Bank of the Russian Federation on September 17, the EEC press service reported.
“Currently, we are witnessing an increase in the share of cashless payments in the countries of the Eurasian Economic Union (EEU). For example, non-cash transactions in Kazakhstan have increased from 51% in 2020 to 75% in 2021,” Beketayev said.
Current economic trends have given many countries the incentive to develop digital currencies, he said. According to the Bank for International Settlements survey, 55 of the 65 central banks of the countries surveyed are conducting research on digital currencies, 39 countries are testing the technology, and nine are already implementing pilot projects to introduce digital currencies. End