The Central Bank has eased restrictions on currency transactions for individuals | News -

The Central Bank has eased restrictions on currency transactions for individuals

From today until September 9, the Central Bank has allowed banks to sell cash currency to citizens. This applies however only to currencies collected after April 9.

On Saturday the regulator published an official clarification on cross-border transfers. Residents may carry out transfers in rubles to their foreign accounts, convert such funds into foreign currency and credit it to their accounts in foreign banks, or transfer funds to foreign accounts of others. At the same time, there is still a ban on transferring more than $10 thousand from one bank account abroad within a month. From March 1 until now, it was prohibited for residents to credit their accounts in foreign banks with foreign currency.

We already wrote earlier about other currency control relaxations.

Subscribe to our newsletter and stay updated on the latest developments and events
We are always open to new ideas, solutions and questions
Please contact us via WhatsApp, Telegram or email, or leave us your contacts so that we can contact you as soon as possible
Thank you!

We will revert to you shortly

Leave your email address to stay up to date
Bellerage Online©
Technological Leadership in Financial Outsourcing

Bellerage Online© is a tool for quick and efficient interaction with your outsourcing partner. Monitor financial and administrative processes from anywhere in the world 24/7.

Accessible via web or mobile app, our unique platform allows you to:

  • Communicate with your consultant, create requests and rate our services in real-time,
  • Submit documents for processing,
  • Access your online library with all documents,
  • Sign documents with an e-signature,
  • Automate and control the internal business processes of your company
  • Analyze your financial figures using dynamic online reports

Bellerage Online© is free for our clients and available to an unlimited number of users - from operational staff to headquarter representatives. Available in an English and Russian version.


Your browser is not supported