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Russian Central Bank raises limit on monthly wire transfers to $1mln

panarmenian.net07/1st/2022, 8:36

Russian Central Bank raises limit on monthly wire transfers to $1mln

July 1, 2022 - 12:30 AMT

PanARMENIAN.Net - The Central Bank of Russia said on Thursday, June 30 that it would allow Russians to wire up to $1 million to foreign accounts, from the previous limit of $150,000, starting July 1, United News of India says.

"Since 1 July 2022, individuals — Russian residents may transfer no more than 1 million US dollars or an equivalent amount in another foreign currency during one calendar month from their accounts with a Russian bank to their foreign accounts or to another individual abroad," the regulator said in a statement.

The central b...

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