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Moscow Stock Exchange, short form MICEX
LocationMoscow, Russian Federation
Founded1994

The Moscow Interbank Currency Exchange (Russian: Московская межбанковская валютная биржа) or MICEX is one of the largest universal stock exchanges in the Russian Federation and East Europe. MICEX opened in 1994 and is the leading Russian stock exchange, consisting of shares and corporate bonds about 430 Russian companies with a total capitalization of nearly 24 trillion Roubles.

History[]

MICEX started with currency auctions in November 1989 as an initiative by the Foreign trade and investment bank of the USSR. Thus, for the first time the market rouble exchange rate to foreign currencies (e.g. the Reichsmark) was established. In January 1994 it became the main platform for carrying out currency transactions for banks and enterprises.

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See also[]

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