Digital ruble

The report presents 4 possible models for implementing the circulation of the Central Bank of Securities, depending on who, how and to whom the wallets and several calculations are provided.

At the same time, presidential press secretary Dmitry Peskov estimated the timeliness of introducing the foreign exchange ruble at 3-7 years.

[10][11][12] At a press conference held on September 16, 2022, Elvira Nabiullina, Director of the Bank of Russia, announced the start date for testing the digital ruble with real clients on April 1, 2023.

To increase it, from the point of view of the deputy chairman of the board of the bank, Stanislav Kuznetsov, it is necessary to create a high-quality system, which will cost 20-25 billion rubles.

[21] In a survey conducted by Mail.ru in August 2023, it turned out that Russians in general do not express interest in the digital ruble: only 12% of respondents plan to use it.

Among the disadvantages are distrust of digital currencies in general, fear of state control over finances, lack of clear advantages compared to the usual non-cash payments, inability to withdraw cash from an ATM, cashback and interest on deposits.