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cryptonews 2022-03-09 11:33:00

Russian Banks Eye CNY Solution as Central Bank Bars Forex Sales; New Sanctions Approved

The Russian ruble has been thrown into disarray as the nation attempts to battle economic sanctions by effectively suspending the sale of most foreign currencies – while exploring the notion of allowing citizens to purchase China’s fiat yuan. In a press release from the Central Bank, the top regulatory body announced that it had created a “temporary procedure” that entailed a ban on withdrawals of more than USD 10,000 from foreign currency deposit accounts....Read More: Russian Banks Eye CNY Solution as Central Bank Bars Forex Sales; New Sanctions Approved

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