Putin signs bill on currency regulations

Russian President Vladimir Putin has signed into law the bill on currency regulations and currency control today, the presidential press service reported. This bill was adopted by the State Duma on February 7, 2003 and approved by the Federation Council on February 12, 2003.

According to this law, Russian citizens have the right to export cash foreign currency totaling up to $10,000 without banking documents. If the volume of exported cash foreign currency does not exceed $3,000, this sum is not to be declared at the customs. The sum over $3,000 must be declared.