Large-scale launch of the ruble CBDC: when?

Russians will be able to start using the local digital currency in 2025-2027. This was said by Olga Skorobogatova, who is the first deputy chairman of the Central Bank.

What does the representative of the Central Bank say

The specialist stated that the full-scale launch varies by dates, as this is influenced by banks that are ready to connect to the site. The system will be tested for the next 2 years. At the same time, there will be restrictions both on the number of clients and on the number of operations performed.

At the same time, the specialist notes that it is not worth launching the digital ruble at an accelerated pace. It is better to ensure complete safety and smooth operation of the site.

Along with this, the Central Bank does not expect that there will be a large-scale and abrupt transition of liquidity from financial institutions to CBCD. In particular, this is due to the fact that there will be a limit on the entry of funds into the wallet, it will be up to 300 thousand rubles / month.

As part of the testing, the most necessary functions will be launched. It will be possible to open a wallet, transfer funds, make payments and international settlements. The latter was discussed with partner states and their commissions, which are also launching their own CBCDS.

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