NFEA meaning in Community ?

Community Miscellaneous in Community . 2 months ago

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What is National Foreign Exchange Association mean?

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. 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.

In 2010, members of the National Monetary Association were 69 financial organizations, including

Commercial banks:ABN AMROAlfa-BankBank of MoscowGazprombankING-Eurasia and othersJPMorgan ChaseRaiffeisen ZentralbankSberbank of RussiaVEB.RFVTB BankCurrency exchanges, including MICEXBrokerage firms, bank associations and other organizations. reference

Posted on 16 Oct 2024, this text provides information on Community related to Miscellaneous in Community. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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