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Sber to launch transfers in rubles to China to individuals this fall

The limits on transfers to China for one sender will be 300 thousand rubles per day and 700 thousand rubles per month, and the minimum transfer amount is 3.5 thousand rubles

MOSCOW, September 20. /TASS/. Sber plans to launch cross-border transfers in rubles to China to individuals this fall, a bank representative told reporters.

"Transfers in rubles to individuals to China will become available for Sber clients in the near future, in the fall," he said.

Business ties with China are developing fast, the bank noted, adding that the country is interesting for tourists as well. "We expect the transfer service to be demanded," the representative said.

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Erdogan praises Russia, China for backing arms embargo on Israel

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