![Central Banking](https://www.centralbanking.com/sites/default/files/styles/print_logo/public/2017-03/print-logo.png?itok=_maJqRIT)
Russian banks set to use digital ruble in 2024
Cross-border integration with “friendly countries” planned to bypass Swift
![Bank-of-Russia Bank-of-Russia](/sites/default/files/styles/landscape_750_463/public/2021-05/Bank-of-Russia.jpg.webp?itok=-ieU1xmu)
The Bank of Russia has announced plans to connect all Russian banks to the digital ruble in 2024, as it fast-tracks plans to circumvent sanctions.
Cross-border integration with the digital yuan and the central bank digital currencies (CBDCs) of other “friendly” countries” will remove the need for Swift, a central bank official said.
As well as “gradually connecting all credit organisations”, the Bank of Russia will increase the number of “payment options and transactions using smart
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com