"From 2025, some Russian companies will pass to pay salaries in digital rubles" - Anatoly Aksakov, Chairman of the State Duma Committee on Financial Markets.
They will start with small companies, perhaps offering advantages or just hinting that they will not be able to operate otherwise. Then they will "offer" it to larger companies.
How will the new system work?
The first payments in digital rubles will be received by employees of small companies that adapt more quickly to the new format. Large organisations can also join them, which will be offered to switch to digital ruble as part of its promotion.
What is a digital ruble?
Digital ruble - is the third form of national currency, along with cash and non-cash money. Its testing began in August 2023 and to date, about 9,000 citizens, several dozen banks and hundreds of retail outlets have participated in the project.
When will the digital ruble become available to all?
According to Aksakov, the mass launch of the digital ruble will take place in the second half of 2025. This means that all Russians will be able to use it for calculations and receive salaries in a new form of money.
The introduction of the digital ruble is an important step in the development of the Russian financial system that will change the usual ways of paying and doing business.
explanations
Digital Ruble - Central Bank Digital Currency (CCEB, CBDC) developed by the Bank of Russia (CB of the Russian Federation), the third form of Russian national currency in addition to existing monetary and non-monetary forms of money. All forms of the ruble are equivalent to each other.