The Foreign Exchange and Remittance Group (FERG) is a non-profit organization based on the initiative of the Central Bank of UAE. FERG comprises of companies engaged in the business of money exchange and remittances, from largesized companies with over 100 branches, to single-branch outlets to join a common platform and work towards mutual benefits.
The initiative to form the Foreign Exchange & Remittance Group (FERG) started back in 2003 when some of the largest leading exchange companies decided to come together and hold regular meetings in order to discuss the current market situations, opportunities and threats facing this industry.
