Designer of Russia's digital ruble to leave soon

the first deputy governor of the Central Bank of Russia, Olga Skorobogatova, will resign on December 2. She had previously worked in the private sector before joining the central bank in 2014. Skorobogatova was responsible for supervising the national payment system, IT and financial technology, including the digital ruble central bank digital currency (CBDC). Her position will be taken over by the central bank's IT director, Zulfiya Kakhrumanova. First Deputy Governor Dmitry Tulin will be responsible for supervising the national payment system. The digital ruble is scheduled to be launched on a large scale in July 2025, at which time large banks will be obligated to support the CBDC. The second batch of banks originally planned to join the program in January 2024, but this has not yet been achieved as of October.