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Architect of Russia’s CBDC departs central bank

russia olga skorobogatova

The Bank of Russia’s First Deputy Governor Olga Skorobogatova will leave the central bank on December 2, the central bank announced. She worked in the private sector until joining the central bank in 2014. Ms Skorobogatova oversaw the national payment system, IT and financial technology, including the digital ruble central bank digital currency (CBDC). She is being replaced by Zulfiya Kakhrumanova, the central bank’s IT director. First Deputy Governor Dmitry Tulin will oversee the national payment system.

The digital ruble is scheduled to start its mass rollout in July 2025, when large banks will be obligated to support the CBDC. There were intentions for a second wave of banks to onboard in January 2024, but that had not happened by October.

“Olga Skorobogatova is one of the main architects of a great number of key innovative projects in the Russian financial market. Her strategic vision and ability to implement complex technological solutions have helped Russia create a state-of-the-art payment infrastructure that we are justifiably proud of,” said Bank of Russia Governor Elvira Nabiullina.

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