Belarusian ruble first trades at Moscow Exchange

MOSCOW, 7 February (BelTA) – The Belarusian ruble has been for the first time traded at Moscow Exchange by BPS-Sberbank which became the first foreign member of the FX Market of Moscow Exchange, BelTA has learned.

“We hope that our participation in the FX Market of Moscow Exchange will give an additional impetus to trading the Belarusian ruble in Moscow and raising its share in the total volume of trades,” Deputy Chairperson of the Board of BPS-Sberbank Alla Dubenetskaya said as she received the certificate of Moscow Exchange. “Direct access to the FX Market of the Moscow Exchange opens up new business opportunities,” she added.

Alla Dubenetskaya expressed confidence that the bank will have many counteragents because any participant of the Moscow Exchange can become a counteragent.

Alla Dubenetskaya told BelTA that the bank has already concluded four pilot deals to the tune of $5 million at Moscow Exchange. “Now it is hard to predict how the Belarusian ruble quotes will differ at the stock exchanges in Belarus and Moscow. But now our clients have an opportunity to compare these quotes and choose the best option,” she said.

Alla Dubenetskaya also remarked that BPS-Sberbank is especially interested in the Russian ruble trades at Moscow Exchange because Russia accounts for a major part of Belarus’ trade. Moreover, the bank is interested in US dollars and euro.