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Legal currency exchange offices
By News Service | Published  05/7/2011 | 2011.01 Legislative review | Unrated
In the news...

In late February, the Russian Central Bank posted on its website a full list of internal structural subdivisions of credit organizations in the Moscow region (including Moscow) that are authorized to carry out operations involving foreign currency, to allow citizens to check whether a place offering carrying out a foreign currency operation is authorized to do so.

Currently, there are over 6 000 officially recognized internal structural subdivisions of credit institutions in the Moscow region that have licenses authorizing them to carry out operations in foreign currency.

Not all the entities on the list are de facto authorized to carry out foreign currency operations, as the bank’s management is entitled to decide which of the permitted operations can be carried out by any particular subdivision.

Information about internal structural subdivisions of credit institutions in the Moscow region that are authorized to carry out operations in foreign currency will be regularly updated.

 



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