In Russia, they began to stop the withdrawal of yuan from brokerage accounts

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21:00; 12 August 2024 year
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Broker &BCS World of Investments» has decided to temporarily suspend the deposit and withdrawal of yuan from brokerage accounts since August 13. This is reported by the RBC publication.

Brokers explained their decision, as RBC writes, by the complication of settlements between participants in exchange trading in Chinese yuan and the increase in time during currency input/output and settlement of transactions. From now on, yuan cannot be withdrawn to accounts in all external banks, including BCS Bank. It will also be impossible to replenish brokerage accounts in yuan through external banks and BCS Bank.

However, there are no restrictions on stock trading, the broker informs that the sale of yuan is available to customers if necessary.

Recall that earlier the BCS suspended the possibility of buying and selling Turkish lira on the stock exchange, also explaining the situation by complicating settlements between participants in exchange trades.