Nabiullina: The Bank of Russia cannot remove restrictions on the issuance of foreign currency
[ad_1]
The Chairman of the Bank of Russia, Elvira Nabiullina, said that the Central Bank cannot lift restrictions on the issuance of foreign currency in cash. Withdrawal limit of $10,000 regulator extended March 6th.
“Here, unfortunately, these restrictions are in effect, we cannot change this situation … This is due to the fact that the import of cash into our country has stopped, therefore, a cash withdrawal limit of $10,000 was set for these deposits,” Ms. Nabiullina said at her speech in the State Duma with a report for last year (quote from “Prime”).
The regulator introduced the limit on the withdrawal of US dollars and euros on March 9, 2022 – until September 9. In August, the Central Bank extended the restrictions until March 9, 2023. In March 2023 – again until September 9th. According to the rules, banks can sell to citizens US dollars and euros that have entered their cash desks since April 9, 2022, there are no restrictions on the sale of other foreign currencies.
About how banks and the population are learning to do without dollars and euros – in the material “Kommersant” “Detox Savings”.
[ad_2]
Source link
