Also approved the logo that will be integrated into banking mobile applications.
Follows Jul. 2023, RUS CB, RUS GVT said law adopted on digital ruble, see #178856.
National Currency
Third form of national currency, in addition to existing cash and non-cash rubles.
It will become another means of payments and money transfers.
Consumers and companies can choose which ruble form to use in various transactions.
Transactions
Payments and transfers of digital rubles for citizens will be free, providing maximum affordability of transactions with the national digital currency.
Fee for businesses accepting payments for goods and services in digital rubles will be 0.3% of payment amount, but no more than RUB1,500.
Fee for housing and utility companies will be 0.2%, but no more than RUB10.
Fee for business-to-business transfers will be equal to RUB15 per transaction.
Any person or company will be allowed to open one digital ruble account, i.e. digital wallet, on RUS CB platform without any fee.
Digital ruble transfers from bank accounts to digital wallets, and from digital wallets to bank accounts will also be without any fee.
Pilot
In August 2023, plans to start piloting digital ruble on real transactions in stages.
Pilot testing with a limited number of clients of 13 banks in stages in 2023 and 2024.
The adoption of the digital ruble will be gradual and is expected to start in 2025.
