The Central Bank of Russia allowed the state corporation VEB.RF and authorized banks to export cash in excess of $10,000 under certain conditions.


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About it reported on the regulator’s website.

“The decision provides that authorized banks and VEB.RF will be able to export banknotes withdrawn from circulation or announced for withdrawal from circulation for their exchange. Provided that the same amount of foreign currency in cash is re-imported into Russia, it will be enough to send a notification of the planned operation to the Bank of Russia,” the statement says.

In addition, according to the Central Bank, authorized banks and VEB.RF can obtain permission to export cash foreign currency for other cases not related to foreign trade activities or the return and provision of loans. But only under the condition of re-importation of the same amount of foreign currency in cash.

Earlier, Russian President Vladimir Putin gave the Central Bank the authority to issue permits for the export of foreign currency worth more than $10,000 from the country.

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J. A. Allen

Author, blogger, freelance writer. Hater of spiders. Drinker of wine. Mother of hellions.

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