https://sputnikglobe.com/20251030/digital-ruble-to-make-it-possible-to-track-budget-spending---central-bank-head-1123038560.html

Digital Ruble to Make It Possible to Track Budget Spending - Central Bank Head

Digital Ruble to Make It Possible to Track Budget Spending - Central Bank Head

Sputnik International

The digital ruble will make it possible to track budget spending, Russian Central Bank Governor Elvira Nabiullina said on Thursday.

2025-10-30T11:22+0000

2025-10-30T11:22+0000

2025-10-30T11:26+0000

economy

elvira nabiullina

russia

russian central bank

state duma

digital currency

ruble

https://cdn1.img.sputnikglobe.com/img/07e9/0a/1e/1123038400_0:160:3074:1889_1920x0_80_0_0_6c515641812a7c8d24426e8b61254be4.jpg

"The digital ruble will, by the way, make it possible to track in the budget whether money is being spent specifically on equipment purchases or construction work," Nabiullina said, speaking in the State Duma.“By the way, we are already running a pilot project in the area of capital construction,” Nabiullina added. “There is already control over targeted budget spending, but this will significantly reduce the costs of organizing such oversight and make the process almost automatic.”The digital ruble is a new form of Russia’s national currency, complementing the existing cash and non-cash forms. It does not cancel or replace them. Large-scale adoption of the digital ruble is expected to begin in September 2026, and the Bank of Russia believes it will become a common means of payment within five to seven years.

https://sputnikglobe.com/20240717/putin-urges-widespread-adoption-of-digital-ruble-1119402253.html

russia

2025

News

en_EN

digital ruble, russia, elvira nabiullina, russian central bank, bank of russia, budget tracking, digital currency, cbdc, financial transparency, government spending, russian economy, state duma, digital payments, fintech, monetary policy