The terms of the new order are named.
The Bank of Russia announced the introduction of a temporary restriction on the sale of currency in cash notes from March 9 to September 9, 2022. According to the new order, banks will not sell it to the public.
As for the withdrawal of funds from foreign currency deposits, it is impossible to withdraw more than $ 10,000 during the designated period.
As RBC clarifies, at the same time, the rest of the funds that are in the account, Russians can withdraw in rubles. The amount will be calculated according to the exchange rate on the market on the day the funds are issued.
The regulator’s website says that during the period of the new order, the currency will be issued in US dollars, regardless of the currency in which the account was created.
Other currencies will be converted into dollars at the market rate on the day of issue.
“All customer funds in foreign currency accounts or deposits are stored and accounted for in the deposit currency,” the Bank of Russia said, adding that the conditions for the deposit (account) will not change.
The regulator also explained that credit institutions will not sell cash to Russians, and the exchange of cash in foreign currency for rubles is possible at “any time and in any volume.”
In turn, the Sberbank media reported that it works as usual with the condition of the new order of the Central Bank. And its customers can buy non-cash currency in the Sberbank Online service in any quantity.
Also, without restrictions, customers can receive funds in rubles.
Recall that on March 2, as Topnews wrote, the EU banned the sale, export and supply of euros to the Russian Federation, making an exception for tourists and diplomats.
As specified by RBC, on 01.02.2022, the total amount of foreign currency cash in cash desks and ATMs of domestic banks was $16.8 billion.
At the same time, on March 2, the Central Bank banned the transfer of money from Russia abroad on March 1 -31 to citizens and legal entities of 43 countries that supported anti-Russian sanctions.