Andrei Skabelin, Director of the Currency Market Department of the Moscow Exchange, said that in the near future the Exchange plans to launch trading in Armenian dram, Uzbek sum and Emirati dirham. According to him, the exchange has 20 currency pairs under consideration for possible launch, Kommersant reports.

“In the coming months, we plan to launch trading in Armenian dram, Uzbek sum and Emirati dirham. We see interest in these currencies and realize that there will be liquidity in them. As we solve a number of technical issues, we will launch these pairs,” Skabelin said.

According to him, the launch requires fulfillment of several conditions, the most important of which is real interest on the part of participants and their clients.

“For the currency to be traded, there must be a constant supply and demand, then a real market is formed,” explained Andrei Skabelin.

He noted that from the infrastructural point of view, the National Clearing Center, acting as a central counterparty in the foreign exchange market, should open accounts in the correspondent banks of the currency, find suppliers of instant liquidity and conclude appropriate interbank agreements with them to launch trading in the partial collateral mode.