Russia to Launch Pilot Project on Digital Ruble in 2024: Report
TEHRAN (Tasnim) - The testing of the digital ruble is going as planned, the Russian Central Bank’s governor said, adding that the regulator is preparing to expand the project in 2024, attract new participants and widen its functions.
"We started the pilot project on the digital ruble with real operations and with real clients in August. Here everything is going as planned, we are testing operations, first of all the opening of wallets, transfers between citizens, the payment of purchases via QR code," Elvira Nabiullina told a forum, TASS reported.
"We are watching what should be finetuned. All 13 banks actively participate in the pilot (project) and we are preparing to expand the project next year adding new participants, new clients, including transfers between legal entities," she said.
The digital ruble is the third form of the national currency to be floated in addition to already existing cash and non-cash means.
The digital ruble will be one more instrument of payments and transfers. Mass introduction of the digital ruble may start at the beginning of 2025, Russia's central bank governor added.
