Uzbek, Russian currency exchanges sign memorandum of co-op
Baku, Azerbaijan, Aug 22
By Fakhri Vakilov -Trend:
Uzbek Currency Exchange and PJSC Moscow Exchange signed a memorandum of cooperation, which will contribute to the development of mutually beneficial cooperation aimed at facilitating access for Russian and Uzbek investors to the currency markets of both countries, Trend reports referring to Uzbek media.
The memorandum was signed during a seminar on the essence and features of the functioning of the currency exchanges of Uzbekistan and Russia held at Central Bank of Uzbekistan.
The memorandum provides for the exchange of information on the prospects for the development of exchange markets, the improvement of trading systems and systems for interacting with clearing, depository and settlement structures, the introduction of the world's best exchange trading practices and innovative technologies.
Within the framework of cooperation, the currency exchanges of Uzbekistan and Russia plan to organize interstate specialized events to discuss current trends in the currency markets of the two countries.
Cooperation with PJSC Moscow Exchange will contribute to further development of the financial market of Uzbekistan, improve the technologies used and increase the attractiveness of the domestic currency exchange, read the message.
The Moscow Exchange PJSC is the largest Russian stock holding. Moscow Exchange is the organizer of trading in shares, bonds, derivatives, currency, money market instruments, precious metals and grain. The holding includes National Settlement Depository and Non-Bank Credit Organization “National Clearing Center”.
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