The Belgrade Stock Exchange (abbr. BELEX, Serbian: Београдска берза, romanized: Beogradska berza) is a stock exchange based in Belgrade, Serbia. The Stock exchange was founded in 1894 in the Kingdom of Serbia, after the King proclaimed the Stock exchange law of 1886. Currently, the Belgrade Stock Exchange is a full member of Federation of Euro-Asian Stock Exchanges (FEAS) and an associate member of Federation of European Securities Exchanges (FESE). The first ideas about establishing an institution which would control the movement of the value of money appeared in Serbia in the 1830s. The Serbian Trading Association, important for the development of the entire Serbian economy, initiated the passing of the Stock Exchange Law. The national Assembly adopted the Law on 3. November 1886, and the Law was proclaimed by the then King of Serbia Milan M. Obrenović. Several years later, on 21. November 1894, in "Građanska kasina" the Belgrade Stock Exchange held its Founding Assembly and selected the management and exchange intermediaries. The purpose of founding the Exchange was to promote, facilitate and regulate trading in various commodities, all securities allowed to be quoted, cheques and coupons, coins and paper money. More information...
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