The withdrawal of cash from foreign currency accounts opened in Russian banks was limited in early March to 10,000 US dollars until September 9, according to the decision of the Central Bank, the rest can only be withdrawn in rubles according to the rate exchange rate in effect.
This measure was also relaxed on Friday, with the Central Bank announcing that withdrawal can now be made not only in US dollars, but also in euros.
The ruble strengthens
The drastic restrictions on foreign currency transactions were put in place in Russia as the ruble broke all-time lows once morest Western currencies.
But in recent weeks, the Russian currency has continued to strengthen and on Friday reached 71 rubles for the dollar, a record since autumn 2021, and 77 rubles / euro, its strongest level since June 2020.
