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Russian central bank: money transfers from abroad will be paid only in roubles

Russian central bank: money transfers from abroad will be paid only in roubles
Russian central bank: money transfers from abroad will be paid only in roubles   -   Copyright  Thomson Reuters 2022
By Reuters

OTTAWA – Russians receiving money transfers from foreign banks will only be allowed to withdraw the cash in roubles, the central bank said on Friday, the latest move in a bid to cope with western sanctions.

The bank said the new temporary measure would come into effect on Saturday. It did not give an end date.

The bank said on Tuesday that until Sept. 9, banks could not sell hard currency to Russian citizens. [nL2N2VB349]