Central Bank announced suspension of Hong Kong dollar trading 09:45

The Bank of Russia suspended trading in Hong Kong dollars on the Moscow Exchange, explaining this by the need to reduce risks. This was reported by RIA News referring to the regulator’s comment.

Representatives of the Central Bank of Russia reminded that the Hong Kong dollar is pegged to the American dollar and banks making payments with it are in strict compliance with the extension of payments.

“Therefore, it was decided to suspend Hong Kong dollar trading to reduce risks,” the Central Bank said.

On June 12, the United States imposed sanctions on the Moscow Stock Exchange and National Clearing House (which mediates transactions in the foreign exchange market on the exchange – socialbites.ca). The Central Bank announced that commercial transactions in dollars and euros will be carried out in the over-the-counter market, businesses and Russians will be able to buy and sell foreign currency, and savings in bank accounts will remain safe.

How said socialbites.ca, chief analyst of Sovcombank Mikhail Vasiliev, said that as a result of new sanctions, the dollar exchange rate may rise to 98 rubles.

Previously Russia promise Respond to new US sanctions.

What are you thinking?

Source: Gazeta


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