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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsPutin signs decree to prohibit leaving Russia with more than $10,000 in foreign currency
ASSOCIATED PRESS
Russian President Vladimir Putin on Tuesday signed a decree that prohibits taking more than $10,000 worth of foreign currency in cash and monetary instruments out of Russia.
The move comes in response to the crippling sanctions Western nations have imposed on Russia over its invasion of Ukraine, which this week tanked the ruble and sent Russians flocking to banks and ATM in fear for the fate of their savings.
Other measures Putin ordered this week included obligating Russian exporters to sell 80% of their revenues in foreign currency, prohibiting Russian residents from providing nonresidents with foreign currency under loan agreements and from depositing foreign currency into foreign bank accounts.
https://www.msn.com/en-us/news/world/putin-signs-decree-to-prohibit-leaving-russia-with-more-than-10000-in-foreign-currency/ar-AAUu3Ha
10,000 rubles isn't worth enough to buy a bus ticket to Lithuania, I suspect
BeyondGeography
(39,370 posts)Next time, try pissing off the world with more than $12 billion in your central bank. Asshole.
C_U_L8R
(45,001 posts)Will the Oligarchs overthrow or just leave for their yachts to scuba in the Maldives.
meow2u3
(24,761 posts)Namely, Cantaloupe Caligula.
Ocelot II
(115,681 posts)Wicked Blue
(5,832 posts)and a cup of coffee
TomWilm
(1,832 posts)Response to Wicked Blue (Original post)
Mary in S. Carolina This message was self-deleted by its author.
Igel
(35,300 posts)A rather serious one.
My Russian professor was allowed to take a suitcase out of the country--after it had been searched for currency and "national patrimony". He had a small amount of "valyuta" (there's a word I haven't seen or heard for a *long* time ... it means "foreign currency" he was allowed to take. And as he left, they took his passport. That is, his means of identification and international travel. Had Hansen passport.
Putin still thinks he's being generous.
Response to Igel (Reply #11)
Mary in S. Carolina This message was self-deleted by its author.
highplainsdem
(48,974 posts)Sneederbunk
(14,290 posts)Wicked Blue
(5,832 posts)harumph
(1,898 posts)uponit7771
(90,335 posts)WA-03 Democrat
(3,047 posts)Your first loss is your cheapest loss.
It is going to zero. Do as many transaction per day as you can Fuckerburg.
fierywoman
(7,683 posts)Wicked Blue
(5,832 posts)and hid it by buying London and Manhattan and Florida real estate. And much, much more.
fierywoman
(7,683 posts)DemocraticPatriot
(4,349 posts)because they already dumped their plunging rubles ??
LMAO this is funny
AnyFunctioningAdult
(192 posts)Are long gone and sitting in hammocks in the Maldives. How soon until all citizens are required to donate all that evil foreign currency to the war effort?
lindysalsagal
(20,679 posts)It applies to the ogarchs, too?
burrowowl
(17,639 posts)You can't have more than 10,000 cash on you while traveling in or out.
roamer65
(36,745 posts)A worthless shitbag currency and nothing in stores to buy with it.
Hekate
(90,667 posts)
is sometimes the family savings. Well see.
sanatanadharma
(3,702 posts)Russian citizens are watching the authoritative government seal their borders, with them inside.
As we know, when the Soviet government collapsed, mob-minded strong-men moved in to claim ownership and take the national wealth making them into oligarchs and leaving the soviet of peoples with no commonwealth.
The rich are free to come and go from Russia at will. Only now, they have fewer places willing to receive them.
It is almost like Russian-citizenship is worthless in the world market.
Worthless, valueless to most Russians.
Worth less but still useful to the powerful.
hueymahl
(2,495 posts)Neither Russia nor any other totalitarian regime has the capability to stop its citizens from transferring their assets via cryptocurrency.
I know there is a lot of hate for crypto on our site, and I understand those arguments. Just wanted to point out that there is a lot of good that comes from it too. It is designed for exactly for this use case.
sfdennis1
(31 posts)Crypto supports BYPASSING whatever monetary control policies are in place in a given society. I think it's more likely to shield and hide the resources of the already wealthy/connected Putin-alligned class in Russia, rather than help the poor or desperate average Russian citizen trying to save/protect their meager assets. Maybe using crypto isn't worse than being subject to the cratering "traditonal economy"...but there really are no "good options" for those unfortunate ppl, other than Putin's overthrow/demise.
heckles65
(549 posts)you can find your way around that.
heckles65
(549 posts)It showed Khrushchev handing a sack of money to an impoverished foreigner (with a whip behind his back).
The bag had a "$" sign on it. Why? Because even Nikita Sergeyevich knew you can't bribe a hamster with rubles.
LiberalArkie
(15,715 posts)Grasswire2
(13,569 posts)Can you imagine Biden signing a "DECREE" limiting Americans from their own money?
FakeNoose
(32,634 posts)They've been laundering their ill-gotten wealth all over the world ... wherever anybody will take it. They haven't been shy about donating to the Repukes either. I think this decree is for all the "little people" in Russia because it's way too late for the oligarchs who grabbed the real dough.
Deminpenn
(15,285 posts)imho.
Linda Ed
(493 posts)A Russian businessman has placed a million-dollar bounty on Vladimir Putin as a part of his "moral duty" to bring the Russian president to justice.
Alex Konanykhin, an entrepreneur and former banker that lives in the United States after being granted political asylum. was the "wealthiest person in Russia" in 1992
"Putin is not the Russian president as he came to power as the result of a special operation of blowing up apartment buildings in Russia, then violated the Constitution by eliminating free elections and murdering his opponents," he wrote.
https://www.newshub.co.nz/home/world/2022/03/russian-businessman-alex-konanykhin-places-million-dollar-bounty-on-president-vladimir-putin.html