ArmInfo.The Moscow International Currency Exchange (MOEX) started direct trading of the Russian ruble-Armenian dram (RUB/AMD) currency pair in July alone, and if at the very beginning of trading these were insignificant amounts, then in just a few weeks the volumes increased more than 1000-fold. Deputy Minister of Economic Development of the Russian Federation Dmitry Volvach stated this in an interview with the Public Television of Armenia.
He stressed that this is about hundreds of millions of transactions carried out daily in these currencies. "This means that the business of both Russia and Armenia needs liquidity in these currencies, since through them real export and import contracts are paid, or mutual investments are made," the Russian official said.
At the same time, Volvach stressed that the current restrictions and challenges should be used for faster growth and development of the economy. . It should be reminded that on June 27, Armenian dram trading started on the currency market of the Moscow Exchange. As noted in the message of the press service of the Moscow Exchange, spot and swap instruments for the following currency pairs will be available to trading participants and their clients: Armenian dram/Russian ruble (AMD/RUB), US dollar/Armenian dram (USD/AMD).
