Russia’s central bank recently said that it is looking to begin a pilot for the digital ruble next year, with plans to use the central bank digital currency (CBDC) for international payments.
Digital Ruble a Priority, Says Central Bank Governor
According to a Reuters report, the governor of the Bank of Russia, Elvira Nabiullina, speaking to the Lower House of Parliament, asserted that the central bank is preparing to start “real-world digital ruble transactions” in 2023.
Nabiullina also said:
“The digital rouble is among the priority projects. We have fairly quickly created a prototype … now we are holding tests with banks and next year we will gradually have pilot transactions.”
Russia has been working towards developing a CBDC for more than a year. The central bank launched a prototype of the digital ruble platform in December 2021, with 12 commercial banks signaling interest in participating in the pilot program.
Three out of the 12 banks connected to the platform, wit
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