Share of friendly countries’ currencies in exchange market increases to 31%
17 November 2022
News
In October, the share of currencies of friendly countries in the exchange market kept growing amid exports reorientation to settlements in these currencies.
The proportion of USD/RUB trading hit a new record low (42%) as market participants sought to reduce operations in ‘toxic’ currencies. Despite sanctions risks, the situation in the foreign exchange market remained stable.
Further details are available in the new issue of the Financial Market Risks Review.
Preview photo: Gorodenkoff / Shutterstock / Fotodom