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The designer of the Russian digital ruble is about to leave

The Russian Central Bank has announced that First Deputy Governor Olga Skorobogatova will step down on December 2. She worked in the private sector until joining the central bank in 2014. Skorobogatova is responsible for overseeing the national payment system, IT and financial technology, including the digital ruble central bank digital currency (CBDC). Her position will be replaced by Zulfiya Kakhrumanova, the central bank's director of IT. First Deputy Governor Dmitry Tulin will be responsible for overseeing the national payment system. The large-scale rollout of the digital ruble is planned to start in July 2025, when large banks will be obliged to support the CBDC. The second batch of banks was originally planned to join the scheme in January 2024, but it has not materialized by October.