Central Bank of Russia continues to step up efforts to test and issue the digital ruble, with a roadmap now expected by the end of 2023.
The Central Bank of Russia continues to step up efforts to test and issue the digital ruble, with a roadmap for the full implementation of the new form of the national fiat now expected by the end of 2023. Trials with real transactions and users are scheduled to begin next April, earlier than originally planned.
Testing of real operations will give us the opportunity to understand what needs to be tweaked and brought to mind, what to refine, what to change. We want to develop a roadmap for the introduction of the digital ruble at the end of next year. Olga Skorobogatova remarked it’s too early to talk about results from the current stage as the participants are moving at different speeds. “But more than half of the banks in the pilot group are progressing at a very good pace, we meet the stated deadlines,” she said.
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