Russian media network RBC reported that the Moscow Stock Exchange aims to expand the list of currencies traded here, against the background of unprecedented Western sanctions imposed on Russia in recent months.
Today, Saturday, the RBC channel quoted three informed sources, confirming that the Moscow Stock Exchange plans to start trading new currencies in the near future, including the Emirati dirham.
One of the channel’s sources indicated that the possibility of starting the circulation of Armenian (Dram) and Uzbek (Som) currencies is also being discussed.
Today 10 foreign currencies are traded on the Moscow Stock Exchange, namely the US dollar, euro, Turkish lira, Hong Kong dollar, Belarusian ruble, Kazakh tenge, Swiss franc, British pound, Japanese yen and the Chinese yuan.
The channel indicated that the expansion of the list of currencies is a logical step due to the decrease in total trading volume on the Moscow Stock Exchange, and in the context of increased interest of the Russian business sector in the United Arab Emirates in light of the Western sanctions imposed on Moscow in response to its military operation in Ukraine.
Source: RBC
Source: Arabic RT
