100

Russia says it will halt foreign currency purchases and launch a digital ruble to keep the currency from spiraling further (finance.yahoo.com)

submitted 2 years ago* (last edited 2 years ago) by [email protected] to c/[email protected]

16 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[-] [email protected] 36 points 2 years ago

A digital Ruble means that they don't even need to physically print more bills to further devalue their currency. Now they can just either add to a database column or stick a few more blocks on a block chain. Free money!

[-] [email protected] 15 points 2 years ago

Most money is already digital. There isn't a paper bill backing every dollar, far from it. No doubt it was the same in Russia.

load more comments (2 replies)

this post was submitted on 12 Aug 2023

100 points (96.3% liked)

Not The Onion

17168 readers

1658 users here now

Welcome

We're not The Onion! Not affiliated with them in any way! Not operated by them in any way! All the news here is real!

The Rules

Posts must be:

Links to news stories from...
...credible sources, with...
...their original headlines, that...
...would make people who see the headline think, “That has got to be a story from The Onion, America’s Finest News Source.”

Please also avoid duplicates.

Comments and post content must abide by the server rules for Lemmy.world and generally abstain from trollish, bigoted, or otherwise disruptive behavior that makes this community less fun for everyone.

And that’s basically it!

founded 2 years ago

MODERATORS

[email protected]