Dec 2, 2014 16:36
9 yrs ago
Russian term
United States
Finance and Politics
Native in: English (Variant: US) 
Works in: Russian to English, Norwegian to English
ограничили снятие валюты
Russian to English
Bus/Financial
Finance (general)
currency markets
I don't need help understanding the specific phrase, I need to understand the entire meaning of the sentence: Газета «Известия» сообщила, что коммерческие банки ограничили снятие валюты в банкоматах суммами от нескольких сотен долларов до $5 тыс. в сутки.
For more context:
В качестве третьей возможной причины вмешательства регулятора Тихомиров приводит слухи том, что банки ввели ограничения на продажу валюты населению. Газета «Известия» сообщила, что коммерческие банки ограничили снятие валюты в банкоматах суммами от нескольких сотен долларов до $5 тыс. в сутки. Позднее в тот же день Сбербанк опроверг введение ограничений. «Вне зависимости от правдивости сообщений в СМИ появление таких слухов указывает на растущее беспокойство населения, что может спровоцировать массовый уход из банков», – пишет Тихомиров. Возможно, это стало решающим фактором для выхода ЦБ с интервенцией, добавляет он.
http://top.rbc.ru/finances/02/12/2014/547d964acbb20fc145fd29...[internal_traffic]--[rbc.ru]-[main_body]-[item_1]
What confuses me is that it seems like they're saying that the bank has placed restrictions on how much money an individual can withdraw from a bank; people have been "restricted" from withdrawing several hundred dollars to $5,000 from ATMs during a 24-hour period. I must be understanding something wrong; how can you "restrict" someone by allowing them to do more than they did before?
For more context:
В качестве третьей возможной причины вмешательства регулятора Тихомиров приводит слухи том, что банки ввели ограничения на продажу валюты населению. Газета «Известия» сообщила, что коммерческие банки ограничили снятие валюты в банкоматах суммами от нескольких сотен долларов до $5 тыс. в сутки. Позднее в тот же день Сбербанк опроверг введение ограничений. «Вне зависимости от правдивости сообщений в СМИ появление таких слухов указывает на растущее беспокойство населения, что может спровоцировать массовый уход из банков», – пишет Тихомиров. Возможно, это стало решающим фактором для выхода ЦБ с интервенцией, добавляет он.
http://top.rbc.ru/finances/02/12/2014/547d964acbb20fc145fd29...[internal_traffic]--[rbc.ru]-[main_body]-[item_1]
What confuses me is that it seems like they're saying that the bank has placed restrictions on how much money an individual can withdraw from a bank; people have been "restricted" from withdrawing several hundred dollars to $5,000 from ATMs during a 24-hour period. I must be understanding something wrong; how can you "restrict" someone by allowing them to do more than they did before?
Proposed translations
(English)
| 4 +3 | established a cash withdrawal limit |
Igor Blinov
|
| 4 +2 | have restricted hard currency withdrawals |
Simon Geoghegan
|
| 3 | have limited foreign-currency withdrawals |
Nadezhda Golubeva
|
Proposed translations
+3
10 mins
Igor Blinov
Russian Federation
Russian Federation
Native in Russian
Specializes in field
Russian Federation
Precision Powered by Knowledge
Native in: Russian 
Works in: English to Russian, Russian to English
Related KudoZ points
:
325
Selected
established a cash withdrawal limit
banks established a limit for cash withdrawal from ATMs ranging from ... to ... during a 24-hour period
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Note added at 28 мин (2014-12-02 17:05:21 GMT)
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a limit for cash withdrawals in USD and EUR
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Note added at 28 мин (2014-12-02 17:05:21 GMT)
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a limit for cash withdrawals in USD and EUR
Note from asker:
| So then, what they're saying is that some banks [allegedly] have restricted individuals from withdrawing more than several hundred dollars from ATMs while other banks are limiting withdraws up to $5,000, correct? That makes more sense...I kept wondering, why would a bank restrict you from withdrawing less than several hundred dollars? It didn't seem to add up. |
4 KudoZ points awarded for this answer.
Comment: "Thank you! Makes perfect sense."
6 mins
Nadezhda Golubeva
Russian Federation
Russian Federation
Native in Russian
Russian Federation
Experience and Responsibility
Native in: Russian
Works in: English to Russian, Russian to English
Related KudoZ points
:
24
have limited foreign-currency withdrawals
See below
+2
8 mins
Simon Geoghegan
United Kingdom
United Kingdom
Native in English
Works in field
United Kingdom
25 yrs exp., ITI Certified, Trados, DVX3
Native in: English
Works in: Russian to English
have restricted hard currency withdrawals
Izvestiya (newspaper) has reported that commercial banks have restricted hard currency withdrawals to amounts ranging from several hundred dollars to five thousand dollars a day.
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Note added at 1 hr (2014-12-02 17:37:15 GMT)
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Yes. The context would appear to suggest this in my opinion.
P.S. Forgot to put "withdrawals from ATMs"... Got a bit of a deadline at this end...
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Note added at 1 hr (2014-12-02 17:37:15 GMT)
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Yes. The context would appear to suggest this in my opinion.
P.S. Forgot to put "withdrawals from ATMs"... Got a bit of a deadline at this end...
Note from asker:
| Aha. So there's a lower bound as well as an upper bound to withdraws then, correct? |
Peer comment(s):
| neutral |
Victoria Batarchuk
: No. In both cases they mean an UPPER bound. Some banks made this bound = several hundred USD, while other banks allowed to withdraw up to 5 thous. USD. / Agree, but asker tells "there's a lower bound as well as an upper bound to withdraws, correct?".
1 hr
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I see where you're coming from Victoria, but I think "UPPER limits" is already implied in the use of the verb "restrict".
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| agree |
Zamira B.
14 hrs
|
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Thank you
|
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| agree |
e. usilova
15 hrs
|
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Thank you
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