Starting September 25, the Moscow Stock Exchange will begin trading in Arab dirhams with settlements in Russian rubles. Calculations will be made at the current exchange rate of the Bank of Russia. Trading in Swiss francs is already carried out in the same mode on the site – they were launched in June.
Starting September 25, trading in UAE dirhams with settlements in Russian rubles at the current exchange rate of the Bank of Russia will be available on the Moscow Exchange. This was reported by the press service of the trading platform.
The Moscow Stock Exchange began trading in the Swiss franc in a similar way in June, the press service recalls. The new instrument is designed for a wide range of clients who need to hedge spot transactions.
“The innovation will expand the capabilities of business participants and provide additional flexibility in serving customers, including companies involved in foreign economic activity,” the Moscow Stock Exchange noted.
In addition, from September 25, the Moscow Exchange will begin to settle over-the-counter transactions with the central counterparty in four currency pairs: Turkish lira with Russian ruble, US dollar with Turkish lira, US dollar with Hong Kong dollar and US dollar. Hong Kong. to the Russian ruble.
Author:
Kirill Bilyk
Source: RB
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