Elvira Nabiullina: The launch of the digital ruble prototype is scheduled for 2022 year – Bits Media

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 2022 of the year.

Today, 9 November 2021 of the year, Elvira Nabiullina spoke at the conference of the Institute for Emerging Economies of the Bank of Finland, Where stated, that the Central Bank will begin testing the digital ruble platform in January next year. The project has reached the final stage of development and is ready for pilot testing.

The head of the Central Bank informed 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. Принимает во внимание вероятные экономические и политические последствия, учитывает предложения финансового сектора и бизнес-сообщества страны. The Bank of Russia sees the digital ruble as a settlement tool, equivalent to cash and non-cash ruble.

For 2022 year the regulator will make a final decision on the feasibility of issuing a national digital currency.

Earlier, First Deputy Chairman of the Central Bank Olga Skorobogatova shared
your vision of the prospects for the digital ruble and the regulator’s goals in its implementation. The regulator also called 12 Russian banks, who expressed a desire to take part in pilot testing of the Central Bank digital currency. The list included: "Ak Bars", Alfa Bank, "Dom.RF", VTB, Gazprombank, "Tinkoff", Promsvyazbank, Rosbank, Sber, SKB-Bank, "Soyuz" and Transcapitalbank.