ArmInfo. The Eurasian Development Bank (EDB) has been granted the status of a participant in the foreign exchange market and a participant of the government bond market Nasdaq OMX Armenia (Exchange of the Republic of Armenia). This is reported by the EDB press center.
According to the source, this will allow the EDB to gain direct access to operations with the national currency and government securities of the Republic of Armenia. If there is a demand from the participants of the exchange, the Bank is ready to act as a market-maker for Nasdaq OMX Armenia on operations with the national currencies of the member countries of the Bank.
At present, the Bank is a market-maker for a pair of ruble / tenge at JSC "Kazakhstan Stock Exchange" and PJSC <Moscow Exchange>. EDB already has a correspondent account in Armenian drams and actively makes payments in the Central Bank of the Republic of Armenia.
The Eurasian Development Bank (EDB) is an international financial organization established by Russia and Kazakhstan in January 2006 to promote the development of the market economy of the participating countries, their sustainable economic growth and the expansion of mutual trade and economic relations. The authorized capital of the EDB is 7 billion US dollars. The Member States of the Bank are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation and the Republic of Tajikistan.
