Belarus is looking to launch its Central Bank Digital Currency (CBDC) in order to avoid sanctions imposed by the US and EU and allow its companies to trade with international partners. The president of Belarus, Alexander Lukashenko, is expected to make a decision on the introduction of the CBDC soon. The country has been hit with economic sanctions, similar to Moscow, and is trying to find ways to bypass them through dollar-free transactions. The National Bank of the Republic of Belarus (NBRB) has been exploring the issuance of a digital Belarusian ruble and has emphasized its potential for cross-border payments. The CBDC is seen as a mechanism that could help businesses overcome sanctions. Belarus is also seeking strategic support from China, and the developments coincide with China's testing of its own CBDC's cross-border capabilities. Russia, a long-time ally of Belarus, is also accelerating its CBDC pilots. Until CBDC-powered trade becomes a reality, Belarusian traders may resort to using cash payments, as approved by the central bank.
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