Russians warned of biggest monetary reform in 30 years

Central Bank analyst 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, in the first stage 12 credit organizations will be involved, Skorobogatova said.

The Rrimpress edition writes about this.

At the first stage of testing, only banks willing to cooperate will connect 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 currency and digital exchange becomes possible.

She believes that using digital rubles for citizens will not be more difficult than using cards and cash, which makes it possible to transfer offline.

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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