“Taking into account the normalization of the financial situation in our country, the restrictions that were introduced during the period of high volatility of the ruble and during the period of uncertainty are gradually being lifted.
Let's say so.
We are already seeing a reduction in the key rate.
We are canceling a number of restrictions on the use of foreign currency," TASS quoted him as saying.
According to him, the decisions already made indicate that other restrictions will be lifted over time.
“And the decisions that were made are the reduction of the mandatory sale of foreign exchange earnings to 50%, and the increase in the timing of the sale of this foreign exchange earnings, the increase in the possibility of transferring foreign currency funds by our citizens abroad from $10,000 to $50,000, and other decisions,” All this suggests that we will continue to gradually remove these restrictions.
Since the situation is normalizing,” he said.
Earlier, the Central Bank of Russia decided to increase the period for the sale of foreign exchange earnings by exporters to 120 business days.
On May 26, the Board of Directors of the Central Bank decided to lower the key rate from 14% to 11% per annum.
As explained in the Central Bank, inflation in Russia is slowing down faster than predicted.