INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of January 30, 2020 No. 5396-U

About procedure for conducting cash transactions with cash foreign currency in authorized banks in the territory of the Russian Federation

This Instruction based on Item 5 of Article 4, article 34 of the Federal Law of July 10, 2002 No. 86-FZ "About the Central bank the Russian Federation (Bank of Russia)" (The Russian Federation Code, 2002, No. 28, Art. 2790; 2013, No. 30, Art. 4084; 2019, No. 29, the Art. 3857) (further - the Federal Law of July 10, 2002 No. 86-FZ), Item 5 parts one of article 5 of the Federal law "About Banks and Banking Activity" (in edition of the Federal Law of February 3, 1996 No. 17-FZ) (Sheets of the Congress of People's Deputies of RSFSR and the Supreme Council of RSFSR, 1990, No. 27, Art. 357; Russian Federation Code, 1996, No. 6, Art. 492; 2019, No. 30, the Art. 4151), parts 2 of article 5 of the Federal Law of December 10, 2003 No. 173-FZ "About currency control and currency exchange control" (The Russian Federation Code, 2003, No. 50, Art. 4859; 2011, No. 50, the Art. 7348) and according to the solution of the Board of directors of the Bank of Russia (the minutes of the Board of directors of the Bank of Russia of January 24, 2020 No. 1) determine procedure for conducting cash transactions with cash foreign currency in authorized banks in the territory of the Russian Federation.

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