By decision of common session of CIS International Association of Exchanges (IAE) with participation of heads of 14 exchanges of 5 states within CIS, manager of Baku Interbank Stock Exchange (BISEX) Farhad Amerbekov was reelected to the Council of this Association. Trend reports with reference to BISEX release, at the session of Association the annual report on IAE activity during 2005 was approved.
Participants of the meeting also discussed the state and prospects of national financial markets and affiliated Р РўРЎ stock exchange. The International Association of Exchanges of CIS countries was established in Moscow in 2000 in order to coordinate efforts for development of organized financial markets in accordance with international standards.
IAE includes 18 exchanges and 3 depositaries from 9 countries of the CIS that play a key role in servicing mutual financial turnover, operations with currency, state bonds and enterprise shares.