In Russia, the currency exchange procedure has been simplified

The State Duma simplified the currency exchange procedure. Now the amount is up to 40 thousand rubles. You can exchange without a passport, reports Interfax.

State Duma deputies adopted the law in the second and third readings, which increases the amount of currency exchange to 40 thousand rubles. Without presentation of a passport.

According to the current legislation, the client’s identification is necessary in a transaction in the amount of over 15 thousand rubles.

In addition, in exchange operations from 40 to 100 thousand rubles. A simplified client identification procedure will be applied.

According to deputies, the new law will reduce the operational load and the costs of banks for the registration of operations.