The International Association of Exchanges of the Commonwealth of Independent States countries (IAEx of CIS) was created in April, 2000 by major currency and stock exchanges of Azerbaijan, Armenia, Byelorussia, Georgia, Kazakhstan, Russia, Ukraine and others. Now it accounts for 20 members from 9 CIS countries.
The main objective of the Association is the prerequisites creation for the establishment of a united financial zone of the CIS. The solution of this task envisages moving along the following directions:
- unification of the currency and financial legislation of the CIS countries and development of a uniform legislation in the areas of currency and capital flow regulation;
- adoption by the CIS countries of the common international standards, which is necessary for the prompt integration of the CIS countries into the world financial and economic society;
- expanding the practice of using the national CIS countries currencies in the mutual trading;
- forming a united exchange zone of the CIS countries using advanced technologies of currency and/or stock exchanges of the CIS countries; its implementation requires the following: regular spot quotations of the CIS currencies, mutual admission of the CIS residents to conduct operation in the currency and/or stock exchanges, transparency of financial flows and highly developed information environment;
- establishment of the integrated information zone in the financial and economic area (it is envisaged to launch a publication of a special information bulletin covering the main events in the markets and on the trading floors of the CIS);
- development of the theoretical issues of the currency and economic area in the countries with transition economy.
Executive Director - Alexey I.Kuprin
Members of IAEx of CIS:
13, Kislovsky per.,
Moscow, 125009, Russia
Tel. (7-495) 223-66-48
Fax (7-495) 705-96-45
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