Russia's central bank to run real-world pilot of digital ruble in 2023: report

Russia is planning to run “pilot transactions” as early as next year using a digital ruble that could be used for international payments, according to a new report. 

Elvira Nabiullina, governor of the Central Bank of Russia, said that the digital ruble was already being tested and that the bank was gearing up for real-world digital ruble transactions, Russian publication Vedomosti reported.

“We have fairly quickly created a prototype... now we are holding tests with banks and next year we will gradually have pilot transactions,” Nabiullina told Russia's State Duma, the lower house of the country's government, according to Reuters.

The idea of a Russian central bank digital currency has been in the works for over a year. Last April, central bank leaders announced that a full launch could take place in 2023.

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