The Central Bank has again extended restrictions on the withdrawal of foreign currency cash

The Bank of Russia has extended restrictions on cash withdrawals of foreign currency for another six months, until March 9, 2025. This is stated in the message of the Central Bank.

The Bank of Russia maintains restrictions on cash currency in connection with the sanctions against our country, which prohibit domestic financial institutions from purchasing cash currency from Western countries.

For citizens whose foreign currency account or deposit was opened before March 9, 2022, the limit for withdrawing currency in the amount of the remaining funds at 00:00 MSK of the specified date remains, but not more than $10 thousand or the equivalent amount in euros, regardless of the currency of the deposit or account, provided that that they had not previously implemented such an opportunity.

The rest of the funds can still be received in rubles. The amount to be paid cannot be less than the amount calculated on the day of payment at the official exchange rate of the Bank of Russia for funds deposited in the account before September 9, 2022. Funds deposited after September 9, 2022 are issued at the bank's exchange rate on the date of issue.

For banks, it is prohibited for six months to charge citizens a commission when issuing currency from accounts or deposits.

Currency transfers without opening an account and through electronic wallets are issued in rubles. At the same time, the amount issued cannot be less than the amount calculated on the day of payment at the official exchange rate of the Bank of Russia.

Non–resident legal entities will not be issued cash in US dollars, euros, pounds sterling, Japanese yen until March 9, 2025, and there are no restrictions on other currencies.

Within the next six months, resident legal entities can receive cash from their accounts in US dollars, euros, pounds sterling and Japanese yen only for travel expenses, based on the payment standards established in accordance with the legislation. There are no restrictions on other currencies, provided that transactions comply with the requirements of the legislation of the Russian Federation.