Friday, September 2, 2011

Belarus state-owned banks have introduced limits for card transactions abroad

The two largest state bank in Belarus - Belarusbank and Belagroprombank - imposed daily limits on currency transactions on card accounts opened in the Belarusian rubles in cash withdrawals abroad. Belarusbank said that from April 12, daily limit on cash withdrawals outside of Belarus with the debit card is the equivalent of $ 200. This restriction also applies to multi-currency cards of international payment systems. In addition, the Bank suspended cash withdrawals of foreign currency in their cash machines with card accounts in Belarusian rubles and the opening of card accounts in Belarusian rubles when you make a new personal multicurrency international bank debit cards. Earlier Belagroprombank introduced similar limits on the amount of cash withdrawal from the ruble cards outside Belarus, and set a daily limit of $ 500 and $ 1000 depending on the type of card. Thus, virtually all Belarusian issuing bank cards of international payment systems have introduced daily limits on cash withdrawals outside Belarus. A number of small banks generally to stop servicing the ruble cards abroad. As reported earlier, Belarus introduced a number of administrative restrictions on the foreign exchange market due to the termination of foreign exchange intervention by the National Bank in connection with the reduction of international reserves by 25% in the first quarter of 2011. On materials: BANKIR.ru

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