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Sberbank will meet customers’ needs in foreign currency under regulator’s temporary rules

From March 9, the Bank of Russia introduces temporary rules for operations with cash currency for a period of 6 months

MOSCOW, March 9. /TASS/. Sberbank is ready to meet the needs of customers in cash currency for the period the Bank of Russia introduced temporary restrictions for operations with cash currency, the bank’s press service reported.

"Sberbank is operating as usual and is ready to meet the needs of customers in cash as part of the temporary rules introduced by the Central Bank. The purchase of non-cash currency is available to customers in Sberbank Online without restrictions. Customer funds in rubles are available without restrictions," the bank said.

From March 9, the Bank of Russia introduces temporary rules for operations with cash currency for a period of 6 months. Under these rules, citizens can withdraw in cash no more than $10,000 from their current foreign currency accounts. Only dollars are available for withdrawal, any other cash currency is available only through conversion into dollars. At the same time, it will be possible to buy non-cash currency on the stock exchange through a brokerage account or through mobile applications of banks.

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