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

Most money is already digital. There isn't a paper bill backing every dollar, far from it. No doubt it was the same in Russia.

Toilet paper demand is going to skyrocket

Also means that a black market is more difficult. If the various LEOs had their way all money would be digital.

As the currency falls people will start rejecting it. It is either

1. Inflation, scary levels
2. Price controls which will lead to shortages
3. Transactions being completed in an illegal currency such as Euros or USD
4. End the fucking war, rejoin the human race, and hope that you will he forgiven despite not being worthy of it.

I to one extent agree. It gives governments too much power and in practice rewards already established banks. On the other side it isn't exactly practical for say an airline to buy a new airplane with a truckload of cash.

Bruh no one on Lemmygrad thinks he is a communist.

The conspiracy nut in me says that they hope it will be easier to control, especially inflation and deflation. Maybe even have an raiser time tracking people and sanctioning them as needed. Maybe they think it will be easier to clamp down on stuff like money laundering and tax evasion.