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. referenceEver curious about what that abbreviation stands for? fullforms has got them all listed out for you to explore. Simply,Choose a subject/topic and get started on a self-paced learning journey in a world of fullforms.
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