Moscow exchange announced a meeting with Iran – Finance on vc.ru
For now, there is only an exchange of experience, there are no agreements yet.
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The leadership of the Moscow Exchange held the first important meetings with colleagues from Iran, writes RBC with reference to the statement of the managing director of the exchange Kirill Pestov. He said that he met with the presence of the country’s central depository.
Pestov recalled that Iran’s export exchange is the Tehran Financial Exchange. 600 employed companies are traded on it, and about 50 million people out of 80 million people have brokerage accounts.
According to Pestov, the meeting was rather “the first exchange of experience”, and there are no agreements, since Iran has a rather specific market, a closed economy and there is no currency conversion – the rial.
Now there are contacts between the countries on important relations, the next step is interaction at the level of currency markets during the Central Bank, Pestov clarified. Only after that it is possible to speak about financial movements of capitals.
The country is interested in working with Russia to attract foreign capital – due to the lockdown, there is a big risk for investment in Iran, but Russia is already under restrictions.
The Moscow Exchange is also discussing with the Central Bank “forcing the mechanism for attracting the impact of external factors to the market.” First of all, from Hong Kong and the UAE.
- On February 28, trading in shares of Russian companies was suspended by the New York Stock Exchange and Nasdaq, and on March 3, by the London Stock Exchange.
- On March 25, depositories Clearstream and Euroclear were found to have suspended interaction with the National Settlement Depository. Because of this, leaving for the territory of foreign countries had a problem with the application and receipt of income.