25.01.2017

Russian railways: Swiss franc is the least volatile currency

400Russian Railways suggests reviewing the use of Swiss francs as a settlement currency for the transit traffic, president of the company Oleg Belozerov said, as Tass agency reported.
"We calculate transit in Swiss francs. The Swiss franc has been historically used for international settlements. I asked colleagues to consider and give an assessment whether the franc is the proper currency now to make settlements," he said.

The state company consider Swiss franc the least volatile currency and Belozerov added: "The situation has changed recently; Switzerland made its decisions. Therefore there is a need to review whether the currency should be changed for a different one. This is not our individual decision; this through international organizations".


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