ANFA meaning in Business ?

Answer: What is Agreement on Net Financial Assets mean?

The Agreement on Net Financial Assets (ANFA) is an agreement between European Central Bank (ECB) and national central banks (NCB) concerning the purchase of sovereign debt (financial assets) by the central banks.

By end of 2015 the total amount of such purchases had risen to around €560 billion.In a press conference on 3 December 2015, Mario Draghi, President of the ECB, declared thatsuch purchases are "often (...) very hard to understand" but denied claims of any monetary financing by NCBs.

In the beginning, details of the treaty had not been published. Critics demanded the agreement to be disclosed. However, according to ECB this was not necessary because ANFA "is an internal technical document".Only on 5 February 2016, the agreement was published by the ECB along with an updated version of the questions and answers document

Hans-Werner Sinn, the President of the Ifo Institute for Economic Research criticized that ANFA “allows states to print money in their own basement which is recognized as lawful money in other countries.”

reference

Full Form	Category
Askew Nixon Ferguson Architects	Academic & Science
Agreement on Net Financial Assets	Business
Asia Nonwoven Fabrics Association	Community
Advanced Networking Forum Australia	Computing
Anonima Napoletana Fabbrica Automobili	General
Association Nationale pour la Formation Automobile	General
ASOCIACIÓN NACIONAL DE FÚTBOL AMATEUR	General
Academy of Neuroscience for Architecture	Medical
Australian Nuclear Free Alliance	Regional
Australian Nostalgia Fuel Association	Regional
Australian National Flag Association	Regional
All Nepal Football Association	Sports