Currency Chaos Produces New Generation Of FX Broker In Former Soviet Union


The plethora of new currencies in the former Soviet Union has given rise to a new breed of foreign exchange broker. According to sources in Moscow, private banks and brokerages have rushed to establish clearing mechanisms to lubricate cross-border trading between the ramshackle economies of the former U.S.S.R.'s newly born republics.

With the breakup of the Soviet Union, what centralized mechanisms there were for handling currency exchange have largely broken down: there is no official way to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services -, or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: