Nabiullina: the Central Bank has all the necessary infrastructure for international settlements

The Bank of Russia has the necessary infrastructure solutions for the development of international payments, the regulator is ready to adapt them to the requirements of partners. This was stated by the chairman of the Central Bank Elvira Nabiullina in the State Duma, transmits TASS.

“We pay special attention to international payments and settlements in order to remove barriers to expanding economic ties with friendly countries. We have the necessary infrastructure solutions, and we are ready to adapt them to the requirements of our partners,” said the head of the regulator.

Earlier this month, First Deputy Chairman of the Central Bank Olga Skorobogatova notedthat the system of cross-border settlements will be transformed in the future, in 5-7 years it can be based on digital national currencies. Last fall, Nabiullina said that the Bank of Russia intends actively promote the use of the digital ruble in cross-border settlements. In April of this year, the head of the regulator also declaredthat the Central Bank allows the use of cryptocurrency in external payments in the form of an experiment.