Tue, 1 July
29.1 C
Yerevan
USD: 385.32 RUB: 4.91 EUR: 455.06 GEL: 141.61 GBP: 530.70

Introduction of single currency in Eurasian economic union space not under discussion so far -Armenian vice-premier

YEREVAN, March 30. /ARKA/. Introduction of a single currency in the Eurasian Economic Union space is not being discussed so far, Vache Gabrielyan, vice-premier and international economic integration minister, told journalists on Tuesday.

In his words, establishment of a single bank regulator is under consideration. In particular, only the process of coordination of steps and policies is under way now.

Alexander Murichev, executive vice president of the Russian Union of Industrialists and Entrepreneurs, on his side, told journalists that The Eurasian Economic Union countries are already doing whatever is necessary to coordinate a single financial integrated space.

«This will be a single regulator, but national banks will maintain their own jurisdictions, and the most important thing here is harmonization of laws related to activities of central banks, banking systems and licensing systems,» he said.

Murichev said that creation of a single licensing system is already arranged. It means that a license received in one of the Eurasian Economic Union countries will be valid also in its other member countries’ territories. –0—-

spot_img

POPULAR

AMX Reaffirms Compliance with International ISO Standards

The Armenia Stock Exchange and Central Depository (AMX) have successfully completed their compliance certification with ISO 27001:2022 for Information Security Management and ISO 9001:2015 for Quality Management Systems.

Euro falls by 0.62 points to 450.23 drams

The average market exchange rate of the US dollar against the Armenian dram as of June 27, 2025, decreased by 0.59 points compared to June 26 and amounted to 384.32 drams.

Ratio of loans to deposits in commercial banks of Armenia has improved – WB review

In April 2025, deposits and loans of commercial banks of Armenia increased by 1.5% y/y and 0.8% y/y, respectively, slightly improving the ratio of loans to deposits compared to the figures for the previous year.

Armenia to receive EUR 26 million loan from KfW bank for renewable energy development

Armenia will receive a loan and a grant from the German KfW bank for the implementation of the "Renewable Energy and Energy Efficiency Development" program.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

LATEST NEWS

spot_imgspot_imgspot_img