The Central Bank of Russia extends the restriction on cash withdrawals in foreign currency until March 9

The Central Bank of Russia extended the restrictions on cash withdrawals in foreign currency for another 6 months – until March 9, 2023. Information about this press service of the regulator published on your site.

Citizens who have not yet had time to take advantage of this opportunity since March 9, 2022 will only be able to withdraw money in foreign currency that came to an account or deposit before March 9, 2022. The rest of the funds can still be received in rubles at the market price on the day of withdrawal, ”the regulator said in a statement.

In addition, the Central Bank extended the ban on the purchase of foreign currency by citizens in Russia until March 9 next year. After April 9, 2022, credit institutions have the right to sell only the Euros and US Dollars in their vaults.

The Central Bank of Russia announced its decision to extend the restrictions with anti-Russian sanctions.

On July 29, Forbes wrote that the Bank of Russia was discussing with foreign exchange market participants how to determine the exchange rate of the ruble against the dollar and the euro in the event of a cessation of currency trading.

Then the Central Bank of Russia declaration Regarding this publication on preparations for the cancellation of trading in the dollar and euro, the sanctions restrictions are constantly changing and the regulator is modeling different scenarios with market participants.



Source: Gazeta

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