MOEX to launch Ruble priced gold July

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News Date: June 30, 2023

Head of the exchange's derivatives market Maria Patrikeyeva stated that The Moscow Exchange is planning to start trading in perpetual gold futures.
Patrikeyeva: "We launched settled quarterly gold futures, and in the near future, in July, we will launch new perpetual gold futures,".
This statement was made at the press lunch "Options Market on the Moscow Exchange: New Opportunities."
On June 28, the Moscow Exchange started trading settled gold futures contracts denominated in Russian rubles.
The GLDRUB_TOM instrument from the exchange's precious metals market serves as the underlying asset.
A lot is 1 gram, while a tick's size and value are both 0.1 rubles.
On the day the contract is settled, the strike price is the RUGOLD index price as determined by the Moscow Exchange based on transactions involving the underlying asset in the precious metals market.

Russia-Turkey Switching to National Currencies statement

In Sochi, Erdogan met Putin to discuss the gas hub and grain deal.
Turkish President Recep Tayyip Erdogan's emphasis on switching to national currencies in bilateral trade during his discussions with Russian President Vladimir Putin signifies a notable shift in Turkey's economic and geopolitical strategy.
Erdogan: Switching to national currencies in bilateral trade is important.
The development of a natural gas hub within Turkey dovetails with this shift in economic strategy.
Putin also stated that Russia will soon deliver free grain to Africa.

Ripple effect. Ripple Partners with biggest Central Banks

Ripple Partners with Largest Financial Institution in Africa and Middle East.
Qatar National Bank and Ripple partner to enhance Global Cross-Border payments.
The national bank of Qatar is the biggest banking institution in Africa and the MENA region.
Fed Reserve Adopts ISO 20022 Format for Payments That Ripple Is Compliant With.
The Federal Reserve Board on Monday announced that the Federal Reserve Banks will adopt the ISO 20022 message format for the Fedwire Funds Service.
Ripple also partnered with UAE, South Korea, Bhutan, Saudi Arabia and blueprints to modernize Europe's payments infrastructure.
Sources: u.today, u.today

Xi Jinping to Visit Saudi Arabia before the end of the year

China's Xi Jinping to Visit Saudi Arabia Amid Global Reshuffling.
Chinese leader Xi Jinping is planning to visit Saudi Arabia before the end of the year, according to people familiar with preparations for the trip, as Beijing and Riyadh seek to deepen ties and advance a vision of a multipolar world where the U.S. no longer dominates the global order.
Sources: wsj

Russia to use digital ruble in settlements with China

Russia plans to use digital rouble in settlements with China, says lawmaker.
After launching a digital rouble early next year, Russia plans to use the currency in mutual settlements with China as it seeks to reduce Washington's global financial hegemony, a senior Russian lawmaker said on Monday.
Sources: reuters

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