Home Finance Russia further raises ceiling for cross-border transactions for individuals

Russia further raises ceiling for cross-border transactions for individuals

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Nationwide flag flies over the Russian Central Financial institution headquarters in Moscow, Russia Might 27, 2022. REUTERS

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June 7 (Reuters) – The Russian central financial institution mentioned on Tuesday Russian residents and non-residents from “pleasant” states will be capable of channel international forex overseas equal to as much as $150,000 a month, up from the earlier restrict of $50,000.

All of the non-residents are nonetheless be capable of ship international forex overseas to the worth of their salaries, the financial institution mentioned.

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Reporting by Reuters
Enhancing by Chris Reese

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