Lost your password?
Don't have an account? Sign Up

Putin bans transfers over $ 10,000 in foreign currency!

Russian President V. Putin has just banned the transfer of more than $ 10,000 in cash from the Russian Federation!!

  • The official ban just went into effect today, March 2nd
  • Major Russian news agency reports, –our source Itertass

The decree enters into force, today March 2nd  2022, where among others the official statement indicates that:

Transfer from the Russian Federation in cash and (or) foreign currency monetary instruments in an amount exceeding the equivalent of $ 10,000 calculated at the Russian Federal Federation’s official course on the date of export “-stated in the decree further highlighting the reasoning as;

‘interim economic measures to guarantee the financial stability of the Russian Federation.” Intertass reports

The document enters into force on the day of its official publication.

*Bloomberg chart on Usd/Ruble fluctuation amid sanctions

According to Bloomberg ;

The ruble fell over 30% against the dollar, making it worth less than 1 U.S. cent, after the U.S., European Union and United Kingdom announced moves to block Russian banks from the SWIFT international payment system, as the situation escalates in Ukraine






source: Bloomberg/Intertass/Barons