Moscow Stock Exchange to Start Trading in Armenian drams

The Moscow Stock Exchange announced that starting June 27, it will begin trading in the foreign exchange market with the Uzbek sum, Armenian dram and South African rand.

This step will create new incentives to expand the trading opportunities of professional market participants, their customers – including subjects of foreign economic activity.

Trading participants and clients will have access to spot and clearing tools for the following currency pairs: South African rand – Russian ruble (ZAR/RUB), US dollar – South African rand (USD/ZAR), Armenian dram – Russian ruble (AMD/RUB), US dollars – Armenian drams (USD/AMD) and Uzbek sums – Russian rubles (UZS/RUB).

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