The Central Bank of the Russian Federation has extended restrictions on the withdrawal of foreign currency cash until September 9.

The Central Bank of Russia has extended restrictions on foreign currency cash withdrawals until September 9 this year. This was announced on March 7 on the regulator's website.

As indicated, restrictions have been maintained due to the current anti-Russian sanctions prohibiting domestic financial institutions from buying foreign currency in cash.

According to the Central Bank of the Russian Federation, for Russians with a foreign currency account or deposit open until March 9, 2022, the limit remains in the amount of the remaining funds at 00:00 of the specified date, but no more than $10,000 or an equivalent amount in euros, regardless of the currency of the deposit or account, provided that such an opportunity has not been realized earlier.

The amount of the remaining money may be less than calculated on the day of payment at the Central Bank's exchange rate for funds deposited before September 9, 2022, and those deposited after that are issued at the rate of the Bank of Russia on the date of issue.

A six-month ban on the commission for issuing currency has been maintained for credit institutions. In turn, currency transfers without opening an account and through currency wallets, as noted by the regulator, are issued in rubles, the amount cannot be less than calculated on the day of payment.

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Candidate of Economic Sciences, financial expert Vladimir Grigoriev reported on February 27 that the ratio of the ruble and the dollar currently depends primarily on geopolitics and, to a large extent, on psychology, rumors, expectations, assumptions, and so on. According to him, in case of easing restrictions against the Russian Federation, currency access to the country will be facilitated.