The Central Bank imposed a restriction on the issuance of foreign currency deposits

Cash withdrawal in rubles only will be carried out until September 9, 2022
Photo:


news from the plot

The ruble is getting cheaper against the background of a special operation in Ukraine

The Bank of Russia has imposed restrictions on the issuance of foreign currency deposits and accounts of citizens. Cash withdrawal in rubles only will be carried out until September 9, 2022.

“Interest on foreign currency deposits of individuals, accrued, but not actually included in the deposits as of 09.03.2022, is payable to individuals in the period from 09.03.2022 to 09.09.2022 in cash in rubles,” reads the letter of the regulator, signed Deputy Prime Minister Olga Polyakova. The document and the Central Bank’s answers to the questions are posted on the website of the Association of Russian Banks.

Earlier, the Central Bank banned banks from charging a fee for issuing cash currency to individuals until September 9. Banks are obliged to return the commissions received from March 9 to their customers.

As part of the tough sanctions imposed on Russia in response to the announcement of a special operation in Ukraine, the ruble exchange rate reached a historic low on the stock market. The Central Bank of Russia has decided to reduce the commission for the purchase of currency on the stock exchange to 12%. Prior to that, it was 30%. The Central Bank believes that the commission will help equalize the competition of brokers with banks that have different rates of purchase and sale of currency.

Subscribe to URA.RU. Google News, Yandex.News and on our channel in Яндекс.Зенfollow the main news of Russia and the Urals telegram channel URA.RU. and receive all the most important news with delivery to your mail in our daily newsletter.

The Bank of Russia has imposed restrictions on the issuance of foreign currency deposits and accounts of citizens. Cash withdrawal in rubles only will be carried out until September 9, 2022. “Interest on foreign currency deposits of individuals, accrued, but not actually included in the deposits as of 09.03.2022, is payable to individuals in the period from 09.03.2022 to 09.09.2022 in cash in rubles,” reads the letter of the regulator, signed Deputy Prime Minister Olga Polyakova. The document and the Central Bank’s answers to the questions are posted on the website of the Association of Russian Banks. Earlier, the Central Bank banned banks from charging a fee for issuing cash currency to individuals until September 9. Banks are obliged to return the commissions received from March 9 to their customers. As part of the tough sanctions imposed on Russia in response to the announcement of a special operation in Ukraine, the ruble exchange rate reached a historic low on the stock market. The Central Bank of Russia has decided to reduce the commission for the purchase of currency on the stock exchange to 12%. Prior to that, it was 30%. The Central Bank believes that the commission will help equalize the competition of brokers with banks that have different rates of purchase and sale of currency.

About the author

lpnaf

Leave a Comment