Digital currencies could become new payment tool for Russia, Africa — report

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Digital currencies may emerge as a new payment method for Russia and Africa. A report suggests that these currencies could facilitate transactions between the regions. The report also mentions that settlement facilities between the Bank of Russia and African central banks are effective instruments. Currency swaps are listed as another potential tool for financial interaction.

The report also noted that currency swaps and settlement facilities between the Bank of Russia and African central banks could serve as other effective instruments

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