Restrictions on cash foreign currency withdrawals extended for another 6 months until March 9 - Central Bank of Russia

MOSCOW. Sept 5 (Interfax) - The Central Bank of Russia has once again extended restrictions on cash foreign currency withdrawals for six months, until March 9, 2026.

This decision was made due to the sanctions currently in effect against Russia, which prohibit domestic financial institutions from acquiring Western countries' cash currency, the CBR said.

For citizens whose foreign currency account or deposit was opened before March 9, 2022, the limit on currency withdrawal remains at no more than $10,000 or the equivalent amount in euros, regardless of the deposit or account currency, provided they have not previously utilized this opportunity. The remaining funds can still be received in rubles.

Banks remain prohibited from charging citizens commissions when dispensing currency from accounts or deposits.

Foreign currency transfers without opening an account and through electronic wallets are issued in rubles.

Non-resident legal entities will still not be able to obtain U.S. dollars, euros, pound sterling or Japanese yen in cash. There are no restrictions on other currencies.

Resident legal entities can withdraw U.S. dollars, euros, pound sterling and Japanese yen in cash from accounts only for business travel expenses. There are no restrictions on other currencies, provided the operations comply with the requirements of Russian legislation.