INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of January 30, 2020 No. 5396-U

About procedure for conducting cash transactions with cash foreign currency in authorized banks in the territory of the Russian Federation

This Instruction based on Item 5 of Article 4, article 34 of the Federal Law of July 10, 2002 No. 86-FZ "About the Central bank the Russian Federation (Bank of Russia)" (The Russian Federation Code, 2002, No. 28, Art. 2790; 2013, No. 30, Art. 4084; 2019, No. 29, the Art. 3857) (further - the Federal Law of July 10, 2002 No. 86-FZ), Item 5 parts one of article 5 of the Federal law "About Banks and Banking Activity" (in edition of the Federal Law of February 3, 1996 No. 17-FZ) (Sheets of the Congress of People's Deputies of RSFSR and the Supreme Council of RSFSR, 1990, No. 27, Art. 357; Russian Federation Code, 1996, No. 6, Art. 492; 2019, No. 30, the Art. 4151), parts 2 of article 5 of the Federal Law of December 10, 2003 No. 173-FZ "About currency control and currency exchange control" (The Russian Federation Code, 2003, No. 50, Art. 4859; 2011, No. 50, the Art. 7348) 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 January 24, 2020 No. 1) determine procedure for conducting cash transactions with cash foreign currency in authorized banks in the territory of the Russian Federation.

1. In authorized banks (branches of authorized banks, internal structural divisions of authorized banks) (further - 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:

acceptance of cash foreign currency from clients for transfer of the amounts of cash foreign currency on their bank accounts, their accounts on deposits (deposits);

issue of cash foreign currency to clients with write-off of the amounts of the issued cash foreign currency from their bank accounts, from their accounts on deposits (deposits);

recalculation of cash foreign currency.

2. Employees of authorized bank (branch, VSP) when conducting cash transactions with cash foreign currency shall apply the documents provided by the Provision of the Bank of Russia of January 29, 2018 No. 630-P "About procedure for conducting cash transactions and storage precautions, transportations and collections of banknotes and coin of the Bank of Russia in credit institutions in the territory of the Russian Federation", the registered Ministry of Justice of the Russian Federation on June 18, 2018 No. 51359 (further - the Provision of the Bank of Russia No. 630-P), and the Instruction of the Bank of Russia of July 30, 2014 No. 3352-U "About the document forms applied by credit institutions in the territory of the Russian Federation when implementing cash transactions with banknotes and coin of the Bank of Russia, banknotes and coin of foreign states (group of foreign states), transactions with ingots of precious metals and procedure for their filling and registration", the registered Ministry of Justice of the Russian Federation on September 24, 2014 No. 34110, drawn up on paper or in the form of electronic documents with use of technical means, the automated system of authorized bank.

In the documents processed by employees of authorized bank (branch, VSP) when conducting cash transactions, the cash foreign currency shall be specified according to names.

3. Forming of case with the cash documents processed when conducting cash transactions with cash foreign currency is made by authorized bank (branch, VSP) according to accounting policy of authorized bank.

Document storage, the cash transactions which are drawn up when maintaining with cash foreign currency on paper, is performed according to the procedure, similar stipulated in Item 16.8 Provisions of the Bank of Russia No. 630-P for cash, in case with cash documents.

Document storage, the cash transactions which are drawn up when maintaining with cash foreign currency in the form of electronic documents, is performed with ensuring data storage, containing in the automated system of authorized bank, using the means of information protection accepted to use in authorized bank.

The documents processed in the form of the electronic documents provided by appendix 1 to the Instruction of the Bank of Russia of November 25, 2009 No. 2346-U "About storage in credit institution in the electronic form of separate documents connected with registration of accounting, settlement and cash transactions under the organization of works on conducting financial accounting", to No. registered by the Ministry of Justice of the Russian Federation on December 25, 2009 15828, on October 7, 2011 No. 21994, on December 25, 2014 No. 35398, on August 15, 2016 No. 43245, on January 19, 2018 No. 49689, on December 12, 2018 No. 52977 (further - the Instruction of the Bank of Russia No. 2346-U), are stored according to the Instruction of the Bank of Russia No. 2346-U.

4. Cash workers in case of acceptance and recalculation of cash foreign currency based on reference materials and information messages received from the Bank of Russia shall determine whether the accepted cash foreign currency is legal means of cash payment in the territory of the corresponding foreign state (group of foreign states), and also to perform authenticity of banknotes of foreign states (group of foreign states). Authenticity of banknotes of foreign states (group of foreign states) shall be performed by cash workers according to the procedure, similar established by the paragraph the fourth Item 2.9 of the Provision of the Bank of Russia No. 630-P for cash.

5. The authorized bank shall provide the cash workers performing cash transactions with cash foreign currency, individual devices for storage, stamps, including nominal, the seals, cliche, readers providing reading of the bar code placed on packaging with cash foreign currency, and allowing to distinguish packaging with cash foreign currency in the automated system of authorized bank (in case of their use).

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