Russia’s Central Bank has decided to relax controls on the local money market, which it imposed about two months ago, after Russia’s currency collapsed in the face of external pressure, particularly Western sanctions against Russia.
Russian Central said in a statement published yesterday that Russian banks can, as of now (May 20, 2022), sell foreign currency in cash (cash) to individuals without restrictions, except in dollars and euros. .
He pointed out that the procedures for selling dollar and euro currencies will remain in effect until next September 9 (2022), and with regard to American and European currencies, banks can only sell currency in dollars and euros to people physically purchased by banks after April 9.
In early March, the Russian Central Bank announced a set of measures to achieve financial and economic stability in Russia, among the most popular of which are forcing Russian exporters to sell 80 % of foreign exchange earnings on the Stock Exchange. Moscow values.
Source: TASS
Source: Arabic RT
