(MENAFN- Trend News Agency) The turnover of spot transactions in dollars plummeted from 80%
to 40% on the currency market of the Moscow Exchange in 2022,
department director of the Moscow Exchange Kirill Pestov said on
Tuesday, trend reports citing tass .
'The dollar, which had a share of more than 80% in the turnover
of spot trading, has recently dropped to 40%,' Pestov said.
Currencies of friendly nations stand at about 38% of total market
turnover at the moment, he noted. 'It was less than 1% at the start
[of 2022]; the share has grown to 38% over the year,' the
department director said.
The Moscow Exchange has plans in 2023 to launch ten more
currencies of friendly countries with large turnover and economic
ties with Russia, Pestov noted. 'We are guided by the needs of
participants in foreign trade and will launch relevant currencies
to transfer financial transactions to currencies of countries with
which we are trading, avoiding the mediation of the dollar and the
euro,' he said.
MENAFN31012023000187011040ID1105505184
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.