The government of the Russian Federation has expanded the list of countries admitted to participation in the foreign exchange trade in the Russian market. It included Argentina, Cambodia, Laos, Mexico, Nigeria, Tunisia and Ethiopia.
Author:
https://rb.ru/author/sadulaev/
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“The number of friendly and neutral countries whose credit and corridor organizations can offer in the Russian currency market, (…) increased to 40,” said the government.
In addition, these states may participate in the auction in the market for production financial instruments.
The list of “friendly and neutral countries” approved in September 2023 included more than 30 states, including EAEU, China, India, Brazil, Egypt, Turkey, United Arab Emirates, Saudi Arabia and others.
The cabinet website clarifies that the measures can “increase the effectiveness of the direct conversion of national currencies” of these countries and the formation of direct contributions to the ruble.
Author:
Ahmed Sadulaev
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
