diff --git a/electrum/exchange_rate.py b/electrum/exchange_rate.py
index 5b175c202..a51d70cb3 100644
--- a/electrum/exchange_rate.py
+++ b/electrum/exchange_rate.py
@@ -526,11 +526,14 @@ def get_exchanges_and_currencies():
                 for name, klass in exchanges.items():
                     exchange = klass(None, None)
                     await group.spawn(get_currencies_safe(name, exchange))
-    loop = util.get_asyncio_loop()
+
+    loop = asyncio.new_event_loop()
     try:
         loop.run_until_complete(query_all_exchanges_for_their_ccys_over_network())
     except Exception as e:
         pass
+    finally:
+        loop.close()
     with open(path, 'w', encoding='utf-8') as f:
         f.write(json.dumps(d, indent=4, sort_keys=True))
     return d