Currency control measures planned by the Russian government will not affect ordinary Russians. Deputy Minister of Finance Alexey Moiseev stated this in an interview with the TV channel »Russia 24“
“We are now talking about multimillion-dollar amounts for legal entities. This situation will definitely not affect ordinary citizens. If the topic concerns “physicists”, then we are talking about the limit set for the currency; “This is a limit of $1 million per month, which is a great figure for 99.9 percent of our citizens,” he said. Finance was emphasized.
Russian officials are discussing currency control measures as a matter of debate. Moiseev believes that restrictions are necessary to prevent the outflow of capital to friendly countries. The Central Bank of the Russian Federation does not agree with the position of the Ministry of Finance.
Central Bank governor Elvira Nabiullina emphasized at a press conference on September 15 that she thought measures to limit capital movement were ineffective. He believes that if there is a need to influence capital flows that affect the exchange rate, it is better to do this through economic rather than administrative measures. According to him, economic measures include increasing the attractiveness of ruble savings, creating incentives for companies to sell their income to pay current expenses, including taxes and salaries, rather than taking out excess loans for it. Following this, Deputy Governor of the Central Bank Alexei Zabokin stated that the regulator’s position has not changed.
On September 11, VTB chairman Andrei Kostin proposed introducing a limit on the transfer of funds in rubles abroad in the amount of 100 million rubles per month. Kostin believes that this can have a positive impact on the ruble exchange rate.
“socialbites.ca” reportedIt was stated that Russian officials began to discuss restrictions on withdrawing rubles abroad.
Previously become The possible consequences of restrictions on the withdrawal of rubles abroad are known.
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