Oireachtas Joint and Select Committees
Wednesday, 30 March 2022
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Engagement with the Central Bank of Ireland
Ms Sharon Donnery:
Like the Governor, I do not have any specific instances we have seen, but I think the general level of concern is around exchanging currencies because, obviously, it has become extremely difficult to trade in rouble. Firms or players will find opportunities to transfer rouble into crypto and then into other currencies, for example. That is what the concern is. I would say more generally in relation to the sanctions that there are obviously significant efforts in the bank and at European level to make sure the sanctions are fully implemented in the way that would be expected.
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