The first real transactions with the digital ruble will take place next year

The Central Bank will conduct the first real operations with the digital ruble as early as next year, Elvira Nabiullina said. The digital currency is planned to be used, among other things, for international payments.

The first real transactions with the digital ruble will take place next year

Elvira Nabiullina, Head of the Bank of Russia, spoke about the prospects for using the digital ruble during her speech at the State Duma of the Russian Federation.

Nabiullina noted that the Central Bank quickly created a prototype of a digital ruble. RB talked about the progress of work on this project. Currently, the digital ruble is being tested, said the chairman of the Bank of Russia, Russian banks are participating in this process.

“Next year, we will gradually carry out pilot calculations, as they say in the real economy,” said Elvira Nabiullina.

The head of the Central Bank added that the introduction of the digital ruble will lead to cheaper settlements, and the digital currency itself will be used, among other things, in international settlements.

On April 21, it became known that Elvira Nabiullina was reappointed to the post of chairman of the Central Bank of the Russian Federation. She will hold this post for at least another 5 years.

Cover photo: Who is Danny / Shutterstock

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Source: RB.RU by

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