Russian Central Bank announced the extension of the restrictions on the withdrawal of personal foreign currency withdrawal

Xinhua News Agency, Moscow, August 1st (Reporter Geng Pengyu) The Russian Bank of Russia announced on the 1st that restrictions on the country's individuals from foreign currency cash from the bank will be extended to March 9, 2023.

According to an announcement issued by the Russian central bank website, due to the sanctions of Western countries, Russian financial institutions cannot obtain cash in Western countries, and the Russian central bank has to continue to maintain restrictions on foreign currency cash.

根据该限制措施，2022年3月9日前在俄银行开设外币账户或存入外币的公民，如未使用完提现额度，可继续提取美元或欧元现金，但限额1万美元或等值欧元，超出Part of the market exchange rate on the day of withdrawal is converted into rubles.

In addition, the current foreign currency purchase restriction measures are still valid before March 9, 2023, that is, banks can only sell the euro and US dollar received through the counter on April 9, 2022. There are no restrictions on the sale of other foreign currencies.

The Russian central bank has previously announced that from March 9th to September 9th this year, it is forbidden to withdraw more than $ 10,000 from foreign currency deposits or foreign currency accounts. Since April 18, Russian banks have resumed the business of selling foreign currency cash to individuals, but can only be sold on foreign currency cash received through the counter on April 9.

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