06.03.2023, 20:24
The central Bank has extended restrictions on cash withdrawals
Source: OREANDA-NEWS
OREANDA-NEWS The Central Bank extends the restrictions on currency withdrawal for six months. Until September 9, money can be received only in rubles. Currency transfers without opening an account and through electronic wallets are also issued in rubles.
There are exceptions to this rule. So, if the account or deposit was opened before March 9, 2022, then you can withdraw the remaining currency on that date (but not more than $10,000 or the equivalent amount in euros). And companies will be able to receive up to $5,000 (or the equivalent amount in euros, pounds sterling, Japanese yen) for travel expenses.
The regulator also extends the ban on charging customers a commission when issuing currency for six months.
"The Bank of Russia maintains restrictions on cash currency in connection with the sanctions against our country, which prohibit domestic financial institutions from purchasing cash currency of Western countries," the Central Bank said in a statement.
On February 16, the head of the Central Bank, Elvira Nabiullina, warned that restrictions on currency withdrawal would last. There are no opportunities for mitigation now, she stressed.
There are exceptions to this rule. So, if the account or deposit was opened before March 9, 2022, then you can withdraw the remaining currency on that date (but not more than $10,000 or the equivalent amount in euros). And companies will be able to receive up to $5,000 (or the equivalent amount in euros, pounds sterling, Japanese yen) for travel expenses.
The regulator also extends the ban on charging customers a commission when issuing currency for six months.
"The Bank of Russia maintains restrictions on cash currency in connection with the sanctions against our country, which prohibit domestic financial institutions from purchasing cash currency of Western countries," the Central Bank said in a statement.
On February 16, the head of the Central Bank, Elvira Nabiullina, warned that restrictions on currency withdrawal would last. There are no opportunities for mitigation now, she stressed.
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