OREANDA-NEWS. Moscow Foreign Exchange (MFE) has authorized Belarus' largest state-owned bank OAO Belarusbank to conduct FX transactions in the framework of the Integrated Foreign Exchange Market of the EurAsEC states, MFE money market chief Igor Marich told a briefing on Friday.

“We have already conducted our first ruble-dollar transaction,” Belarusbank Vice CEO Gennadi Gospodarik told the briefing.

Besides Belarusbank, another two Belarusian banks have direct access of trading at the MFE: BPS-Sberbank and Cepter Bank, Marich said.

Now that Belarusian banks are authorities to trade at Moscow Foreign Exchange, the liquidity of the Belarusian currency market will improve, said Marich.

Moscow Foreign Exchange on February 7, 2013 facilitated direct FX trading for banks registered at member states of the Eurasian Economic Community (EurAsEC): Belarus, Kazakhstan, Kyrgyzstan and Tajikistan. EurAsEC-based banks are not required to obtain a licence to perform FX transactions at Moscow Foreign Exchange.

The total value of Br-RUB transactions conducted at Moscow Foreign Exchange in June-October 2013 stands at Br1.2 billion (USD 130,000). Moscow Foreign Exchange (MFE) has authorized Belarus' largest state-owned bank OAO Belarusbank to conduct FX transactions in the framework of the Integrated Foreign Exchange Market of the EurAsEC states, MFE money market chief Igor Marich told a briefing on Friday.

“We have already conducted our first ruble-dollar transaction,” Belarusbank Vice CEO Gennadi Gospodarik told the briefing.

Besides Belarusbank, another two Belarusian banks have direct access of trading at the MFE: BPS-Sberbank and Cepter Bank, Marich said.

Now that Belarusian banks are authorities to trade at Moscow Foreign Exchange, the liquidity of the Belarusian currency market will improve, said Marich.

Moscow Foreign Exchange on February 7, 2013 facilitated direct FX trading for banks registered at member states of the Eurasian Economic Community (EurAsEC): Belarus, Kazakhstan, Kyrgyzstan and Tajikistan. EurAsEC-based banks are not required to obtain a licence to perform FX transactions at Moscow Foreign Exchange.

The total value of Br-RUB transactions conducted at Moscow Foreign Exchange in June-October 2013 stands at Br1.2 billion (USD 130,000).