Moscow Exchange allows firms to enter currency market from Jul 24

MOSCOW, Jul 24 (PRIME) -- The Moscow Exchange has granted Russian companies, which are not credit organizations or professional participants of the stock market, direct access to the currency market from July 24, the bourse said in a statement on Monday.

The companies are now able to place deposits with the National Clearing Center bank at stock market repo rates.

Raw diamond mining giant ALROSA, insurance companies Alfa Insurance and Ingosstrakh, agricultural holding Rusagro, power utility T Plus and fertilizer producer PhosAgro are among the first clients to place 2.3 billion rubles of 1-day and 7-day deposits during the day.

(58.9325 rubles – U.S. $1)

End