Russians were warned about the largest monetary reform in 30 years

Russians were warned about the largest monetary reform in 30 years

The analyst of the Central Bank told about its stages.

Deputy Head of the Central Bank Olga Skorobogatova said that immediately after the holidays, the largest monetary reform will start in the country, comparing in scale only with the reforms of the 90s.

According to the expert, the Central Bank intends to introduce the digital ruble into the country’s money market.  Thus, in winter Russians will be able to pay with digital banknotes.

Pilot projects will start working with such banking operations in January. Moreover, 12 credit institutions will be involved in the first stage, Skorobogatova said.

This is written by the publication Rgimrgess.

At the first stage of testing, only banks willing to cooperate will be connected to the use of the new monetary format, and in 2023 individuals will be able to make money transfers in digital rubles, the financier said.

This will be followed by transfers between legal entities, individuals and the state, after which the federal Treasury will connect to them.

According to Skorobogatova, the reform will end when digital currency exchange becomes possible.

She believes that it will be no more difficult for citizens to use digital rubles than cards and cash, which makes offline transfers possible.

Topnews wrote about how, according to the media, the Central Bank will control money transfers of Russians from January 1, 2022.


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