Shanghai Cooperation Organization (SCO) member countries should consider switching from settling in US dollars to national currencies when conducting trade, Interfax reported quoting Vladimir Dmitriyev, head of Russia’s Vnesheconombank (VEB), on 30 October.
Moody’s Investors Service has assigned first-time B2 long-term and Not Prime short-term local currency deposit ratings and an E+ Bank Financial Strength Rating (BFSR) to Open Joint-Stock Commercial Bank "Credit-Standard" (BCS). The outlook on all the ratings is stable.
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