Central Bank allowed brokers to charge individuals 30% commission when buying currency on stock exchange
National Bank of Bashkiria indicated that no commission is charged when buying from banks.
From March 3, the Bank of Russia ordered brokers to charge individuals a commission of 30% when buying dollars, euros, and pounds on the stock exchange. The temporary measure, introduced against the backdrop of the sanctions, evens out the competitive conditions between banks and brokers since banks have the opportunity to use the spread (i.e., the difference) between the buying and selling rates of the currency.
As the National Bank for the Bashkortostan explained, this measure will affect people who buy currency on the stock exchange through brokers and not affect those who buy currency in banks.
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