On July 1, 2006, the Central Bank of Russia (CBR) is to cancel reserve requirements and special accounts for certain types of currency transactions. Relevant documents are currently under registration with the Justice Ministry. Lifting reserve restrictions will now enable currency transactors to receive earlier reserved funds before term. As to special accounts, transactors will be able to open and use both special accounts and accounts that have no special status from July 1, 2006 to January 1, 2007.
Source: GAZETA.RU, May 30, 2006
