Rus News Journal

Something will turn up

How to bypass restriction on currency export
  Something will turn up
How to bypass restriction on currency export

Yesterday has informed on the bill brought in the Duma forbidding to private persons to take out from Russia more $5 thousand by cash. As the bill has quite good chances to be accepted, we have decided to tell about how to take out abroad great sums.

it is the easier and most convenient - to use a plastic card with which help it is possible to take out any sum.
it is possible to take out money and by means of traveller`s cheques (American Express, Visa, Thomas Cook). However, while it is not clear, whether restriction on the sum of taken out traveller`s cheques will be imposed. But even if will be, at its desire it is simple to bypass. As it is known, at acquisition of checks in bank the receipt granting the right to their restoration at utere stands out. Therefore checks can to be taken out, and to take out only this receipt, and abroad at office of the company which have let out the check, to declare about utere. On the basis of the receipt checks to you will restore, but this operation will occupy some days. Certainly, this way absolutely legal you will not name, and to use it it is possible only in a desperate situation.
it is possible to send also money abroad by means of a bank remittance. But for this purpose it is necessary to have the account in the Russian bank and the account in the western bank on which money will be transmited. Besides, while translating in the Russian bank from you the documents confirming the purpose of transfer (if the transfer purpose is real estate purchase abroad or investments the special permission of the Central Bank for this purpose is necessary) will demand.
Besides the bank there are telegraphic transfers which carry out companies Western Union and MoneyGram. It enough expensive way (on the average 5 - 6 % from the sum), but very reliable and convenient. However, through Western Union it is possible to translate only to $2 thousand a day. Through MoneyGram it is possible to send and larger sums, but thus it is necessary to specify the purpose of transfer and to confirm it documentary (for example, payment of the alimony, membership dues, payment of purchases under the catalogue, training and treatment of physical persons, a subscription to the editions, the exposed account for hotel and so forth) .
it is curious that for those who illegally takes out the huge sums, the bill does not become a hindrance. Not the first year exists practice of opening of accounts in the western bank. For this purpose it is even not necessary to leave abroad, after all there are hundreds the Russian companies offering similar services, which, by the way, roads. For example, reception of card VISA Classic of the western bank will manage approximately in $1 thousand and still at least $5 thousand will make the insurance deposit. At last, similar firms render services and in opening of the offshore companies that will manage in $1 - 2 thousand However as already wrote, besides the bill of restriction of export of cash currency another prepares also, forbidding opening of accounts in offshore banks. But it is obvious, as this restriction, it be entered, the Russian companies can easily bypass.
it is detailed about ways of export of currency abroad will tell magazine MONEY next week.

ELENA - PETROV