(Reuters) – Russia’s central bank said on Thursday that it was introducing restrictions on local firms’ access to foreign-currency cash for the next six months.
During the period of restrictions, local companies and entrepreneurs who want U.S. dollars, Japanese yen, British pounds and euros in cash can only receive up to $5,000 worth and only to pay for overseas work trips.
The central bank, which has been taking steps to preserve precious hard currency in the wake of economic sanctions over Ukraine, added in a statement that the $5,000 limit could be increased in special circumstances in consultation with the regulator.
(Reporting by Reuters)
