The Central Bank INCREASED THE LIMIT OF CURRENCY TRANSFERS ABROAD

The Bank of Russia has raised the monthly limit for transfers by individuals to their foreign accounts or to another person up to a million dollars, the regulator said.

“From July 1, 2022, Russian resident individuals have the right, within a calendar month, to transfer from their account in a Russian bank to their account abroad or to another person no more than one million US dollars or the equivalent amount in another foreign currency”, - noted in the Central Bank.

A similar threshold was set for transfers of resident individuals from friendly states.

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