Solar Staff changes USD and EUR conversion rules starting June 20

Starting June 20, Solar Staff’s internal USD/RUB and EUR/RUB conversion rates will update based on partner banks’ exchange rates. You can check currency rates in your account on the website or in the mobile app.

Following June 13, we had to introduce changes to USD and EUR conversion. On that day, the Moscow Exchange halted the trading of currency pairs that include the US dollar and the euro. The exchange also ceased share trading and money market trades settled in dollars and euros.

The Bank of Russia later reported that the exchange’s derivatives market will operate as usual. The regulator will now rely on banks’ financial statements and digital OTC trading platforms to determine the official USD and EUR exchange rates.

Earlier, on June 12, the US announced new sanctions against Russia. Among those targeted was the Moscow Exchange, as well as its National Clearing Center (NCC) and National Settlement Depository (NSD).