The Central Bank intends to exempt transactions up to 600,000 rubles from currency control

The Central Bank intends to increase the limit on payments abroad, for which you do not need to provide accompanying documents, from 200,000 to 600,000 rubles. for one operation, Izvestia reports with reference to the documents of the Central Bank.

The regulator confirmed this information to the publication, calling the prepared amendments “the next step to liberalize the requirements of currency control, aimed at relieving the burden on residents, including participants in foreign trade.” The Bank of Russia reported that the changes will come into force in the near future, without specifying a specific date.

Earlier, the National Council of the Financial Market proposed to increase it to 1 million rubles by the end of 2023. the threshold of operations that banks must inform Rosfinmonitoring about. Now this amount is 600,000 rubles.

After 2023, it is proposed to raise the threshold for controlled transactions to RUB 1.5 million. For real estate transactions, this indicator is recommended to be set at 10 million rubles.

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