The head of the Bank of Russia said that testing of the digital ruble platform will begin in January and will last until the end of 2022.
Today, November 9, 2021, Elvira Nabiullina spoke at a conference of the Institute of Emerging Economies of the Bank of Finland, where she announced that the Central Bank will begin testing the digital ruble platform in January next year. The project has entered the final stage of development and is ready for pilot testing.
The head of the Central Bank told the conference participants that the Central Bank is carefully studying international experience and stages of development of similar projects in the European Union and China. Takes into account the likely economic and political consequences, takes into account the proposals of the financial sector and the business community of the country. The Bank of Russia sees the digital ruble as a settlement instrument, equivalent to the cash and non-cash ruble.
For 2022, the regulator will make a final decision on the feasibility of issuing a national digital currency.
Earlier, the first deputy chairman of the Central Bank Olga Skorobogatova shared her vision of the prospects for the digital ruble and the goals of the regulator during its implementation. The regulator also named 12 Russian banks that have expressed a desire to take part in pilot testing of the Central Bank’s digital currency. The list includes: Ak Bars, Alfa-Bank, Dom.RF, VTB, Gazprombank, Tinkoff, Promsvyazbank, Rosbank, Sberbank, SKB-Bank, Soyuz and Transcapitalbank.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
