The Central Bank of Russia has expanded control over dollar deposits

Today, on Monday, the Central Bank of Russia announced the extension of the ban on the withdrawal of foreign currency (dollars and euros) from bank deposits for another 6 months, until March 9, 2023.

Individuals are prohibited from withdrawing money in dollars and euros from deposits, but they can be withdrawn in Russian rubles, based on the exchange rate on the day of withdrawal.

In early March, the Central Bank of the Russian Federation announced a set of measures to achieve financial and economic stability in Russia in the light of Western sanctions against Russia. Among these measures is a ban on withdrawing dollars and euros from bank deposits.

To follow..

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