Russia Enforces Stricter Currency Exchange Rules
The Central Bank of Russia has now started stricter currency exchange rules for everyone in the country.
Effective Sunday, December 27 the buy and sell of anything above the amount of 15,000 rubles, which is about $207 U.S. dollars as of December 29 will now require customer identification and the bank to fill in a form.
Central Bank of Russia implements stricter rules on cash exchanges https://t.co/A0RzMBXXRW pic.twitter.com/dxXJ3FJj5T
— RT (@RT_com) December 28, 2015
RT reports, “The new law doesn’t limit foreign exchange. According to Gazprombank spokesman Yuliya Elsukova, it is aimed only at combating money laundering and terrorist financing.”
Also keep in mind that if you must give them your documents they will be kept on record for a minimum of five years.
So if you’re thinking about traveling to Russia anytime soon, you should remember this new law.
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