Skip to content
  • Home
  • About
  • Contact
  • Page
  • ​Master SEO Tactics
  • Top 9 Finance News Websites Ranking
wikifx

wikifx

  • Home
  • About
  • Contact
  • Page
  • ​Master SEO Tactics
  • Top 9 Finance News Websites Ranking
  • Toggle search form
  • Tom Sosnoff transfers 1.1M shares in IG Group as gift to trusts forex news
  • Sova Capital selects Appway for digital onboarding and KYC forex news
  • OctaFX Releases List of Top 2021 Events that Affected the Financial Market forex news
  • Over 800 clients of Reyker Securities yet to submit claims forex news
  • Interactive Brokers adds detailed US IPO data to Events Calendar in TWS platform forex news
  • The Difference Between MT4 and MT5 Traders forex news
  • How to Play the Global Chip Drought? forex news
  • eToro becomes main partner of CFR 1907 Cluj forex news

Central Bank of Russia introduces temp rules for foreign currency operations

Posted on 2022-03-09 By admin No Comments on Central Bank of Russia introduces temp rules for foreign currency operations

The Central Bank of Russia is introducing temporary rules for foreign currency operations in cash. The rules will be valid from March 9, 2022 to September 9, 2022.

All funds in foreign currency accounts and deposits are safe and accounted for in the deposit currency. A client will be allowed to withdraw up to $10,000 in foreign currency in cash, whereas the remainder will be given to the client in Russian rubles (according to the exchange rates for the day of the transaction).

The regulator explains that 90% of the foreign currency accounts in Russian banks do not have balances above $10,000. That is, 90% of holders of foreign currency accounts and deposits can fully withdraw their funds in foreign currency in cash.

While the new rules are in place, foreign currency funds will be given in USD, regardless of the deposit currency. Foreign exchange in other currencies in USD will be conducted according to the exchange rates for the day of the transaction.

Clients can get their money in banks.

Russian residents can keep their funds in foreign currency accounts and deposits. All funds are safe and are accounted for in the deposit currency.

Banks will not sell foreign currency to individual clients while the new rules are in force. Exchanging foreign currency for rubles remains available, regardless of the transaction size.

forex news Tags:forex-news

Post navigation

Previous Post: John Radziwill elected as Chairman of StoneX BoD
Next Post: CME Group announces first trades for 20-Year US Treasury Bond futures

Related Posts

  • Joseph Wolf to become CEO of Credit Suisse Financial Services (Israel) Ltd forex news
  • German Court imposes prison sentence in insider trading case forex news
  • LME sets firm daily price limits for Nickel outrights forex news
  • SEC says extradition of TheBull to the U.S. is still pending forex news
  • Robinhood shares drop 8.5% as Q3 crypto trading volumes fall forex news
  • CFTC unable to locate key defendant in ROFX case forex news

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • EUR/USD Holds Near 1.05 as Fed, ECB Policies Shape Market Sentiment
  • Gold Prices Hold Steady Amid Global Economic Uncertainty
  • Australian Dollar: How RBA Policies, Commodity Prices, and Global Tensions Are Shaping the AUD’s Market Performance
  • EUR/USD: Understanding the Currency Pair’s Trends
  • USD Under Pressure: Navigating Economic Data and Global Uncertainties

TAG

Axiory Review 2022 B2B B2Broker News Basic Forex Knowledge broker brokers brokers in the UK Brokersview Broker tools CFDs coin News cryptocurrency Cryptocurrency News Crypto News dogecoin FCA news finance forex forex-news Forex Broker Forex Brokers Forex Demo Account Forex market forex news forex scams forex time Forex trading fx fxtrader fxtrading Global Forex Gold Analysis HotForex InstaForex LiteForex Review 2022 markets work MT4 MT5 news OctaFX Review Samtrade FX South Africa trade Forex traders Trading Forex
  • HKEX to launch its first A-share derivatives product forex news
  • Court approves $15.7M settlement in JPMorgan treasury futures spoofing case forex news
  • Euronext welcomes 212 new equity listings in 2021 forex news
  • CME reports Micro Ether Futures trading volume exceeding 500,000 contracts forex news
  • TP ICAP appoints Louise Murray as non-exec director forex news
  • Exclusive: BDSwiss hires FXPrimus exec Natale Mastoroudes as Head of HR forex news
  • A-book forex brokers VS A-book brokers, differences? forex news
  • New Jersey regulator orders BlockFi to stop offering interest-bearing accounts forex news

Copyright © 2025 wikifx.

Powered by PressBook News WordPress theme