20 Dec 2022 12:58

Moscow Exchange to start trading UAE, Azerbaijan, Egypt currencies in 2023

MOSCOW. Dec 20 (Interfax) - The Moscow Exchange is considering launching trading of the Emirati dirham, Azerbaijani manat and the Egyptian pound in 2023, the exchange's managing director of business development, Kirill Pestov said at a press conference.

"We're considering about 10 currency pairs, including the dirham of the UAE, Azerbaijani manat and Egyptian pound. These are big foreign trade partners of our country. We will study the possibility of launching and the potential of developing other currencies. There is interest on the part of regulators and market participants," Pestov said.

The exchange also sees demand for national currencies, he said. "On the derivatives market we plan to launch futures next year on the Turkish lira/Russian ruble, Hong Kong dollar/Russian ruble and U.S. dollar/Chinese yuan pairs. These currencies are traded on our forex spot market, but there are no futures yet. We will develop them," Pestov said.