简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Moscow Exchange to reduce use of dollars as collateral
Abstract：The Moscow Exchange will cut the maximum amount of dollars it will accept as collateral to underwrite transactions, it said on Monday, as Russia is seeks to reduce its dependence on currencies of countries that have imposed sanctions on it.
Russian authorities have voiced concerns about individual and corporate holdings of dollars and other currencies that it terms “unfriendly”, calling for their conversion into alternatives.
The Moscow Exchange – the countrys largest bourse – said it will from Aug 15 halve the proportion of dollars in the collateral that users of its platform provide to carry out transactions to 25% from 50%.
De-dollarisation in Russia has gained pace since Western countries imposed unprecedented sanctions after Russia sent tens of thousands of troops into Ukraine on Feb. 24. The sanctions have impaired Moscows access to international economic and global trading systems.
The central bank said on Monday it planned to differentiate the cost of foreign currency loans for legal entities and their investments in debt securities depending on whether they were denominated in currencies of friendly or unfriendly countries.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Read more
XM Co-Founder Costas Cleanthous Acquires Cyprus Phileleftheros Media Group
Costas Cleanthous, co-founder of Forex trading platform XM, buys Cyprus largest newspaper group Phileleftheros, expanding his influence beyond forex brokerage.
Gold Smuggling in India Refuses to Abate Despite Import Duty Reduced from 15% to 6%
Import duty on gold was slashed from 15% to 6% in Union Budget 2024-25. But did it stop gold smuggling in India? Read this report where we unravelled the truth.
Plus500 Secures CIRO License to Launch OTC Trading in Canada
Plus500, a leading global fintech trading platform, has secured a CIRO license to enter the Canadian OTC market, marking a major step in its North American expansion strategy.
Israel-Iran Conflict Update: Will it Stem the Gold Rally or Further Boost It?
Gold is in everyone's mind amid the latest Israel-Iran conflict update involving attacks by the US on the Iranian nuclear sites. Check our gold price forecast report amid a worsening geopolitical climate.
WikiFX Broker
Latest News
Overlooking Broker Spreads? It’s Costing You More Than You Think
WikiFXAfter Zuckerberg spent billions on an AI dream team,' he has to deliver for Meta shareholders
WikiFXGold Prices Fall Instead of Rising, Hitting a Two-Week Low
WikiFXNigeria to Launch Sweeping Cybersecurity Reforms Amid Rising Digital Threats
WikiFXEncountered a problematic response from an AI model？ More standards and tests are needed, say researchers
WikiFXTop Wall Street analysts like these three stocks for long-term growth
WikiFXDow futures slide 150 points as oil rises following U.S. bombing of Iran: Live updates
WikiFXAsia-Pacific markets set to open lower as U.S. bombing of Iran escalates Middle East crisis
WikiFXOil at $100 a barrel？ U.S. role in Iran-Israel fight fuels market jitters
WikiFXConsob Blocks 7 Fraudulent Investment Websites Amid Ongoing Crackdown
WikiFXCurrency Calculator
