EDB gained access to Nasdaq OMX Armenia

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.