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The price of a privatization voucher slipped in trading Monday on the Russian Commodity and Raw Materials Exchange in Moscow, but the volume remained small enough to count on one hand.
Only four vouchers were sold, at an average price of 7, 600 rubles. The vouchers, which were first distributed to the public on Thursday, have a face value of 10, 000 rubles.
The figure marked a decline from trading on Friday, where four vouchers changed hands for an average price of 9, 200. Friday was the first day that actual vouchers were traded.
Faced with a dearth of actual vouchers to buy and sell, traders have taken to selling voucher options, which give the buyer a right to purchase a voucher at a specific price.
Voucher Trading Not Yet Brisk
06 October 1992
The Moscow Times
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