(Reuters) – Russia is eliminating a 12% commission for foreign currency purchases through brokers starting April 11. Tinkoff Bank and Alfa Bank announced Friday that the move comes after concerns over its financial and economic impact.

Moscow Exchange reported that the rouble recovered from March’s record lows and is now at levels it was before February 24, 2014, when Russia began what it described as “a special army operation” in Ukraine. This came after capital controls measures infected forex demand.

Tinkoff Bank stated that the central bank had instructed brokerages to eliminate the 12% commission starting Monday.

Alfa Bank confirmed that the news was true in Telegram messenger.

The central bank introduced an additional 30% commission to individuals for buying foreign exchange in March. This was at a time when the ruble was dropping sharply due to sanctions imposed by the United States of Europe against Russia. Later, the commission was reduced to 12%.

The request by Reuters for comment was not answered immediately by the central bank.