Russia Will Start a Pilot Project for ‘Digital’ Ruble From April: Central Bank

By Reuters
Reuters
Reuters
May 25, 2022 Updated: May 25, 2022

Russia will start a pilot project using its “digitalruble with real customers and real transactions from April 2023, its central bank said on Wednesday, adding that the project would run ahead of the initial schedule.

With Western sanctions cutting off Russia from large parts of the global financial system, Moscow is looking for alternative ways to make key payments both at home and abroad. In April, Moscow planned to have the “digital” ruble capable of making international payments ready by next year.

Reuters