Bank of Russia Governor Elvira Nabiullina said major banks and retailers are on track to begin accepting the digital ruble by September 1. A law enabling the central bank to issue the digital ruble is scheduled to take effect on that date. The transition period is set to run until July 2027.
Bank of Russia Governor Elvira Nabiullina stated that major banks and retailers are on track to begin accepting the digital ruble by September 1. The announcement highlights readiness for widespread use of the currency starting that month.
A Russian law allowing the country’s central bank to issue the digital ruble will reportedly be enacted on schedule on Sept. 1. Officials have outlined a transition period that extends until July 2027.
The statements come from recent comments by Nabiullina and align with the planned legislative timeline. No further details on implementation steps were provided in the reports.
