Bellerage Alinga

Currency for the foreign business trips was given from the cash desk

Currency for the foreign business trips was given from the cash desk

Today the issuance of a prepayment for business trips in foreign currency from the cash desk violates currency legislation. The fine ranges from 75 to 100% of the amount of the illegal currency transaction. 

A company has several other methods available to transfer foreign currency cash to an employee:

• Withdrawal of money from a currency account

• Currency purchase in the company’s bank

• Issue a corporate bankcard to the employee

In autumn Duma deputies will consider a law which closes this gap. According to the adjustments, the company will be able to issue currency to employees through an account in the authorized bank.