Mon, 8 September
25.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

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

Freedom Broker Armenia ranks as one of the largest taxpayer in Armenia

Freedom Broker Armenia has been recognized as one of the largest taxpayers in the country, underscoring its leadership in the investment sector and commitment to sustainable business practices.

ACBA Federation promotes rural tourism in Armenia: the success story of Manana guest house (video)

Four years prior, Astghik Ghazaryan, a professional educator, established the Manana guest house in her hometown of Marmarik.

Armenia to receive 45.3 million euros from ADB to improve healthcare quality

Armenia will receive 45.3 million euros from the Asian Development Bank (ADB) to improve healthcare quality, said First Deputy Minister of Health of the Republic of Armenia Lena Nanushyan during a meeting of the parliamentary standing committee on financial, credit and budgetary issues.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

LATEST NEWS

spot_imgspot_imgspot_img