Moscow Exchange to start trading in Uzbek sum in September

Askar Yakubov · 11:30, 01.09.2022 · Updated 09:16 · 716 views

Tashkent, Uzbekistan (UzDaily.uz) -- On 12 September, the Moscow Exchange will launch trading in the Uzbek soum - Russian ruble (UZS/RUB) currency pair. This was reported on the website of the trading platform.

“The Uzbek soum - Russian ruble currency pair will be traded on the spot market from 12 September with settlements “today” and “tomorrow”. Also, overnight swap transactions will be available to trading participants and their clients,” the message says.

The new currency pair will expand the trading opportunities of professional market participants, as well as their clients - individuals and legal entities, including subjects of foreign economic activity.

In addition, this type of trading will become an additional incentive for the development of settlements in national currencies between Russia and Uzbekistan.

Askar Yakubov

Askar Yakubov is a professional photojournalist with extensive experience in news and reportage photography. He specializes in fast-paced coverage of social, political, cultural, international, business, and community events, with a sharp eye for capturing expressive shots and conveying the atmosphere of an event under tight time constraints. His skill set spans reportage, portrait, and documentary photography, along with image editing and color correction, and preparing photo materials for media and digital platforms. He is known for his professionalism, adherence to editorial standards, and ability to work both independently and as part of a shooting team.