The Central Bank has increased the limit of money transfers, which can be made monthly by natural persons who are residents of Russia, to an account in a foreign bank, from 150,000 dollars which was until now to 1 million, it is stated on the website of the Central Bank.
The measure will come into effect from tomorrow, July 1. The same amount can now be transferred to foreign accounts by non-residents of Russia who are natural persons from friendly countries, the announcement added.
“Transfer limits have been increased due to the stable situation existing in the domestic foreign exchange market,” the statement said.
After the start of Russia’s war against Ukraine, the authorities imposed controls on foreign currency transfers, at first allowing the transfer of up to $10,000. The limit was subsequently increased to $50,000 and $150,000.
SOURCE: ΑΠΕ-ΜΠΕ
Source: Capital
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