Russian Central Bank Governor Elvira Nabiullina clarified that the digital ruble will be used for state financial control, specifically to monitor 'state contract expenditures' for automated auditing. She dismissed claims that the central bank intends to use the digital ruble to monitor individuals' daily payments, emphasizing that personal transactions with the digital ruble will have transparency similar to regular bank card transfers. Nabiullina assured that Russia will not mandate citizens to use or open digital ruble accounts and plans to allow more citizens to voluntarily experience the digital ruble's features starting in September.
Russian Central Bank Clarifies Digital Ruble's Role in State Financial Control
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