The National Clearing Center will convert clients’ currency to rubles until June 28. The conversion will be carried out at the exchange rate established on June 13: 89.2 rubles per US dollar and 95.8 rubles per euro. The clearing center and the National Settlements Depository have been under US sanctions since June 12.
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The Moscow Stock Exchange announced a partial blockage of foreign currency support to clients. This was a consequence of the sanctions imposed by the United States, according to a message from the commercial platform.
The National Clearing Center, which is part of the Moscow Stock Exchange group, will convert clients’ US dollars and euros into Russian rubles by June 28. The conversion will be carried out at the rate of 89.2 rubles per US dollar and 95.8 rubles per euro.
The United States imposed sanctions against the Moscow Stock Exchange, NCC and NSD on June 12. As a result, the Moscow Stock Exchange stopped trading in US dollars and euros, and brokers began to limit currency transactions and withdrawal of US dollars and euros.
Author:
Kirill Bilyk
Source: RB
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