Russian central bank: money transfers from abroad will be paid only in roubles

Russians receiving money transfers from foreign banks will only be allowed to withdraw the cash in roubles, the central bank said on Friday, the latest move in a bid to cope with western sanctions. The bank said the new temporary measure would come into effect on Saturday. 9, banks could not sell hard currency to Russian citizens.

Russian central bank: money transfers from abroad will be paid only in roubles
  • Country:
  • Canada

Russians receiving money transfers from foreign banks will only be allowed to withdraw the cash in roubles, the central bank said on Friday, the latest move in a bid to cope with western sanctions.

The bank said the new temporary measure would come into effect on Saturday. It did not give an end date.

The bank said on Tuesday that until Sept. 9, banks could not sell hard currency to Russian citizens.

TRENDING

OPINION / BLOG / INTERVIEW

Digital transformation doesn't deliver equal economic gains everywhere

Blockchain looks less risky to SMEs already using AI

Human judgment can weaken when AI answers feel too convincing

AI early warning system could help universities spot at-risk students sooner

DevShots

Latest News

Connect us on

LinkedIn Quora Youtube RSS
Give Feedback