National Foreign Exchange Association: Difference between revisions
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Latest revision as of 14:55, 24 March 2024
The National Foreign Exchange Association is a non-commercial association of commercial banks, currency exchanges, brokerage firms, and others dedicated to the development and improvement of a high standard foreign exchange market and money market in Russia. Founded in Moscow in 1999, the association had 74 members as of 2005.[1] Among other activities, the National Foreign Exchange Association coordinates with the Bank of Russia in daily setting the Russian Overnight Index Average (Ruonia), which operates similarly to the European Eonia.[2][3]
In 2010, members of the National Monetary Association were 69 financial organizations,[4] including
- Commercial banks:
- Currency exchanges, including MICEX
- Brokerage firms, bank associations and other organizations.[5]
References
[edit | edit source]- ^ Official website of National Foreign Exchange Association (NFEA)
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External links
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