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Central Bank of Russia: digital rubles will not replace cash

Photo by Alexander Smagin on Unsplash

The regulator noted on its website that the new form of national currency will not replace cash and non-cash rubles.

“Citizens, as as now, will be able to choose independently which form of ruble to& use – cash, cashless or digital. The choice is entirely up to the individual,” the statement said.

The Central Bank stressed that the digital ruble could be used only for a limited list of goods.

Earlier, the head of the Central Bank Elvira Nabiullina refuted rumors about paying pensions only in digital rubles and replacing cash with them.

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