Wed, 14 January
1.1 C
Yerevan
USD: 380.33 RUB: 4.84 EUR: 443.24 GEL: 141.16 GBP: 511.62

Creation of single currency for EEU is a matter of decades- economist says

YEREVAN, September 4. / ARKA /. Tatul Manaseryan, the head of a Yerevan-based think-tank Alternative, says introduction of a single currency for the Eurasian Economic Union is a matter of decades.

“Introduction of a single currency is the highest form of economic integration. It means harmonization of fiscal and monetary policies of all the member states,” Manaseryan said at a press conference on Friday.

According to him, the benefits of Armenia’s membership in the EEU will be felt only after some time.

“Integration itself is only a factor or a means to achieve something. It can bring both benefit and harm,’ he said.

The Eurasian Economic Union that came into force on Jan. 1, 2015, consists of Armenia, Russia, Kazakhstan, Belarus and Kyrgyzstan. -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Armenia approves amendments to agreement on automatic exchange of financial account information

During a meeting on Thursday, the Armenian government gave its approval to a draft law that ratifies the amendment to the Multilateral Agreement of Competent Authorities regarding the "Automatic Exchange of Financial Account Information," which was signed on October 14, 2014.

Market capitalization increased by 6.29% in December to approximately 467 billion drams – Armenia Stock Exchange

 Armenia Stock Exchange (AMX) has summarized the trading activity for December 2025. During the month, a dynamic trading environment has been maintained, highlighting growing investor confidence and market activity.

Armenia’s financial system in December 2025: interest rate declines, lending grows

In December 2025, Armenia's financial market was characterized by a combination of moderate monetary easing, continued high growth rates in bank lending, and the continued development of capital market instruments.

LATEST NEWS

spot_imgspot_imgspot_img