Bank of Russia limits USD withdrawals to $10K

Bank of Russia says customers with foreign currency Foreign Currency Foreign currency is simply the legal tender of any foreign country approved by the nation’s government to be circulated within its borders. For example, the US dollar ($), which is the currency of the United States of America, would be classified as a foreign currency when being imported into or handled inside the United Kingdom, whose national currency is the British pound (£).Nearly every country, at least in practice, has its own currency. The main exception is that of the euro, which is the Foreign currency is simply the legal tender of any foreign country approved by the nation’s government to be circulated within its borders. For example, the US dollar ($), which is the currency of the United States of America, would be classified as a foreign currency when being imported into or handled inside the United Kingdom, whose national currency is the British pound (£).Nearly every country, at least in practice, has its own currency. The main exception is that of the euro, which is the Read this Term accounts are limited to withdrawing a maximum of USD 10,000. This will be in place until September 9.

• for withdrawals of amounts greater than this the balance must be taken in rouble
• regardless of what currency clients hold in their accounts the withdrawal will be paid in USD
• banks will not be permitted to sell foreign currency to citizens until this temporary order expires.

Y'all remember when tyranny was being asked to wear a mask at the supermarket? Good times.

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ps. Rouble notes are handly as kindling.

Elvira Nabiullina is Governor of the Central Bank of Russia: