Moscow Exchange to start trading in currencies of Uzbekistan, Armenia and South Africa

Moscow Exchange to start trading in currencies of Uzbekistan, Armenia and South Africa

On June 27, the Moscow Exchange will start trading in the Uzbek sum, Armenian dram and South African rand on the foreign exchange market. This was reported by the Russian economic information agency Prime with reference to the trading platform.

“The new currencies will expand the trading opportunities of professional market participants, their clients — individuals and legal entities, including subjects of foreign economic activity,” the Moscow Exchange said in a statement.

Trading participants and their clients will have access to spot and swap instruments for the currency pairs South African rand - Russian ruble (ZAR/RUB), US dollar - South African rand (USD/ZAR), Armenian dram - Russian ruble (AMD/RUB), US dollar - Armenian dram (USD/AMD) and Uzbek sum - Russian ruble (UZS/RUB).

The exchange will announce the start of trading in the UAE dirham - Russian ruble (AED/RUB) and US dollar - UAE dirham (USD/AED) currency pairs.

Earlier, Andrei Skabelin, Director of the Foreign Exchange Market Department of the Moscow Exchange, said in an interview with RIA Novosti that the Moscow Exchange plans to launch trading in Armenian drams, Uzbek sums and Emirati dirhams in the coming months. According to him, the exchange sees interest in these currencies.

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