The Central Bank of Russia allowed credit institutions to issue cash to Russians in rubles from foreign currency accounts and deposits credited since September 9 at the rate of each bank, excluding the rate of the regulator. Information about this press service of the Bank of Russia published on your Telegram channel.
“Beginning at 0:00 Moscow time on September 9, 2022, withdrawals of cash or bank deposits to a foreign currency account will be carried out in rubles at the bank’s exchange rate,” the regulator said in a statement.
For the past six months, the rules have been in force that the amount of money issued by credit institutions cannot be less than that calculated at the official exchange rate of the Bank of Russia on the day of payment.
before September 8 reportedHe said the Bank of Russia has extended the ban for six months – until March 9, 2023 – to charge credit institutions for extracting foreign currency from accounts and deposits of individuals. The measure was introduced in March 2022 with a validity period until September 9 of the current year.
at the beginning of August reportedThe Central Bank of Russia extended the restrictions on cash withdrawals in foreign currency for another six months – until March 9, 2023.