Russia will start a pilot project for 'digital' rouble from April

Russia will start a pilot project for 'digital' rouble from April - cbank

Economy May 25, 2022 07:11AM ET

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Russia will start a pilot project for 'digital' rouble from April - cbank

(Reuters) - Russia will start a pilot project using its "digital" rouble 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" rouble capable of making international payments ready by next year.

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Comments (1)

Tre Hsi May 25, 2022 11:58AM ET

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