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Today's paper. Last Updated: 06/01/2012

Exchange Cuts Charges

MOSCOW -- The Moscow Interbank Currency Exchange, Russia's single largest venue for hard-currency trade, said Thursday that it will cut the commission it charges banks to 0.05 percent from 0.1 percent as of July 1.


According to a MICEX statement, the move is aimed at reversing a decline in trade incurred by a 0.1 percent Moscow city tax on hard-currency exchange that took effect in April.




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