Moscow may abandon dollar trading

Moscow may abandon dollar trading

In the future, the Moscow Exchange may refuse to trade in the dollar and sell the right to trade in it when the need for its conversion comes to naught, Sergey Shvetsov, head of the supervisory board of the exchange, said at the XIX International Banking Forum today.

"As long as the Russian economy needs a dollar-ruble conversion, this pair will be supported. There is still a part of Russian exports and a part of imports in dollars. But there is a fading trend, and, probably, at some point, I will not I rule out that the Moscow Exchange will sell this business one day. This is clearly not the near future", he said.

The financier did not rule out that if trade relations with Russia are not in dollars, then dollars will be no longer interesting to both the regulator and the stock exchange.

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