INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of October 3, 2024 No. 6896-U

About procedure for conducting cash transactions with cash foreign currency in authorized banks

This Instruction based on Item 5 parts one of Article 5, Item of 1 part one of article 5.2 of the Federal law "About Banks and Banking Activity" (in edition of the Federal Law of February 3, 1996 No. 17-FZ), Item 5 of Article 4, the paragraph of the fifth of article 34 of the Federal Law of July 10, 2002 No. 86-FZ "About the Central bank the Russian Federation (Bank of Russia)", parts 2 of article 5 of the Federal Law of December 10, 2003 No. 173-FZ "About currency control and currency exchange control" 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 September 25, 2024 No. PSD-31) determine procedure for conducting cash transactions with cash foreign currency in authorized banks in the territory of the Russian Federation.

1. In authorized banks <1>, branches of the credit institutions which are authorized banks, internal structural divisions of the credit institutions which are authorized banks, branches of such credit institutions (further in case of joint mentioning - authorized bank (branch, VSP) with legal entities (including other authorized banks (branches, VSP), individual entrepreneurs and physical persons (further in case of joint mentioning - clients) perform the following cash transactions with cash foreign currency:

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<1> Item 8 of part 1 of article 1 of the Federal Law of December 10, 2003 No. 173-FZ "About currency control and currency exchange control".

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