+7 964 325-38-38
+7 (812) 325-38-38

Central bank established a temporary order of issuing money from currency deposits and accounts.

Central bank established a temporary order of issuing money from currency deposits and accounts.

9 March 2022

Russian Bank established a temporary order of issuing money from currency deposits and accounts of citizens. Specifically, there is imposed a ban on withdrawal more than $10 000 from currency accounts. There is an option to withdraw much money, however, you could get the rest of the money in rubles at current exchange rate, says on regulator’s website. Limitations the restrictions will apply from 9 March until 9 September 2022. During this period banks won’t sell cash currency to citizens.

During the period of validity of temporary order, the currency will be withdrawed in dollars regardless of account’s currency. Converting another currency into dollar will happen at current exchange rate.

Russians will be able to keep safe their money into currency accounts and deposits. The conditions in contribution and deposit won’t change.  Persents in contribution  will accure, as usual, in the currency, which was used to open a deposit.


Comments

Any questions?
Request a consultation with the experienced managers that will help you in all matters
  • Alla Shinkevich
    Deputy Chief Executive Officer Certificate number: BN 04737 Request callback
Free consultation
We represent our clients’ best interests!
Safe and risk-free property deals