Central Bank abolished 12% commission on currency purchases on the stock exchange | News - bellerage.com

Central Bank abolished 12% commission on currency purchases on the stock exchange

The regulator announced to abolish 12% commission for purchase of dollars, euros and pounds at the exchange on April 11.

The commission for purchase of foreign currency was introduced as a stabilizing measure for the rouble more than a month ago. Initially fixed at 30%, it was reduced to 12% in March.

The Bank also canceled the requirement for banks to limit the difference between the purchase and sale of foreign currency, except for legal entities-importers.

It recommends that the spread of exchange rate is not higher than 2 rubles for importers who buy currencies to pay for contracts.

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