• azimir@lemmy.ml
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    1 year 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!

    • afraid_of_zombies@lemmy.world
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      1 year ago

      Also means that a black market is more difficult. If the various LEOs had their way all money would be digital.

      As the currency falls people will start rejecting it. It is either

      1. Inflation, scary levels

      2. Price controls which will lead to shortages

      3. Transactions being completed in an illegal currency such as Euros or USD

      4. End the fucking war, rejoin the human race, and hope that you will he forgiven despite not being worthy of it.

  • vlad@lemmy.sdf.org
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    1 year ago

    Digital currency is evil and we should all avoid the “cashless society” that all governments are trying to build.

    This is just going to be for more control.

    • afraid_of_zombies@lemmy.world
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      1 year ago

      I to one extent agree. It gives governments too much power and in practice rewards already established banks. On the other side it isn’t exactly practical for say an airline to buy a new airplane with a truckload of cash.

    • whats_a_refoogee@sh.itjust.works
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      1 year ago

      Manipulating the currency exchange rate is one of the favorite activities of corrupt autocratic governments.

      It’s a method to give the impression that the full scale invasion did not hurt their economy, hell it even made it better.

      However, you can keep up the facade for only so long until the natural forces of the market overpower and break it.

  • Chickenstalker@lemmy.world
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    1 year ago

    But but buh Comrade Putin is a stalwart Communist. Surely he knows that fiat money is the invention of the Kapitalist pigs! The Soviet Union should do away with money.

    t. Lemmygrad user

  • Diplomjodler@feddit.de
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    1 year ago

    Another brilliant piece of economic policy by the world’s greatest strategic mind. Nothing could possibly go wrong.

  • CALIGVLA@lemmy.dbzer0.com
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    1 year ago

    What the hell is going with governments worldwide all of the sudden creating digital currencies all at once? This is like the 4th or 5th country I’ve seen announcing a digital currency in like a week.

    • AlteredStateBlob@kbin.social
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      1 year ago

      The conspiracy nut in me says that they hope it will be easier to control, especially inflation and deflation. Maybe even have an raiser time tracking people and sanctioning them as needed. Maybe they think it will be easier to clamp down on stuff like money laundering and tax evasion.