Russia lets Bangladesh trade on its currency market

Russia has approved a list of more than 30 friendly and neutral countries whose banks and brokers will be allowed to trade on the Russian currency as well as derivatives markets.   

The Russian embassy in Bangladesh shared the information on its verified Facebook page yesterday.

The countries include Armenia, Azerbaijan, Belarus, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan, Algeria, Bangladesh, Bahrain, Brazil, Venezuela, Vietnam, Egypt, India, Indonesia, Iran, Qatar, China, Cuba, Malaysia, Morocco, Mongolia, Oman, Pakistan, Saudi Arabia, Serbia, Thailand, Turkey, South Africa, and the United Arab Emirates.

Derivatives are financial contracts, set between two or more parties, that derive their value from an underlying asset, group of assets, or benchmark. Common derivatives include futures contracts, forwards, options, and swaps.