Russia says it will halt foreign currency purchases and launch a digital ruble to keep the currency from spiraling further

• Russia is scrambling to keep its ruble from falling further in value.
• The nation's central bank announced it would stop foreign currency purchases through the end of 2023.
• It has also begun to pilot program for a digital ruble in an attempt to prop up its currency.

Russia is halting its purchases of foreign currencies, and is launching a digital version of its ruble as it scrambles to prevent its currency from spiraling even further as war drags on in Ukraine.