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National Foreign Exchange Association

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Title: National Foreign Exchange Association  
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National Foreign Exchange Association

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]

References

  1. ^ Official website of National Foreign Exchange Association (NFEA)
  2. ^ O'Brien, Emma; Denis Maternovsky (9 September 2010). "Bank Rossii Spurs Swap Trades as Ruonia Lures Deutsche Bank: Russia Credit".  
  3. ^ "RUONIA - Ruble OverNight Index Average". Retrieved 29 September 2010. 

External links

  • Official site


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