MOSCOW, October 10 (RIA Novosti) - The Moscow Interbank Currency Exchange plans to begin trading as normal on Monday morning unless the Federal Service for Financial Markets issues instructions to do otherwise, MICEX said on Friday.
Russia's two stock exchanges, the MICEX and the RTS, did not open for full trading on Friday upon instructions from the financial markets' regulator.
Prior to their usual 10:30 a.m. Moscow time (06:30 GMT) opening, both exchanges said they would remain closed and were awaiting further instructions, although an RTS spokesman said it would allow trading in repo contracts and bond repurchases.
Russia's financial system has been affected by a global credit crunch which started in the U.S. and quickly spread to Asia and Europe leading to record losses on Russia's financial markets, rising interest rates and a liquidity shortage.
