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. 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 AMRO Alfa-Bank Bank of Moscow Gazprombank ING-Eurasia and others JPMorgan Chase Raiffeisen Zentralbank Sberbank of Russia VEB.RF VTB Bank Currency exchanges, including MICEX Brokerage firms, bank associations and other organizations. References External links Financial services companies of Russia Companies based in Moscow