Russian cb introduces new currency regulations

Several rules concerning currency regulation will enter into force in Russia on 1 August, the department of external and public relations of the central bank reported.

In particular, RBC News reported, a regulation on opening accounts in foreign currency abroad by resident legal entities in order to transfer payments under international construction contracts has been changed. According to the introduced changes, till June 19, 2005, the Central Bank is allowed to regulate opening of accounts i

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