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    Russia raises ceiling for cross-border transactions for individuals

    Abstract:(Reuters) – The Russian central bank on Monday said Russian residents and non-residents from friendly states will be able to channel foreign currency abroad equivalent to up to $50,000 a month, from the previous limit of $10,000.

      div classBodysc17zpet90 cdBBJodivpReuters – The Russian central bank on Monday said Russian residents and nonresidents from friendly states will be able to channel foreign currency abroad equivalent to up to 50,000 a month, from the previous limit of 10,000.p

      pNonresidents from unfriendly countries will now be able to send foreign currency abroad to the value of their salaries or incomes from services they provide without the need to open accounts, the central bank said, scrapping the previous limit of up to 10,000 a month.pdivdivdiv classBodysc17zpet90 cdBBJodiv

      p

      pp Reporting by Reuters Editing by Chris Reesep

      divdivdiv classBodysc17zpet90 cdBBJodivdivdiv

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