Javadyan: no talk about single currency for EEU until 2015

YEREVAN, July 6. /ARKA/. The introduction of a single currency for member countries of the Eurasian Economic Union may appear on the agenda no earlier than 2015, the chairman of the Central Bank of Armenia Arthur Javadyan said today.

Speaking to reporters in the parliament he said much had been said about this matter, but at the moment Armenia and its partners in EEU have the same approach to this issue – not to discuss this issue until 2025.

He noted that after 2025 this issue will be discussed depending on the situation in which the economies of the EEU member countries will be.

“Our position on this issue is very strong: As we are witnessing both positive and negative aspects of the introduction of the single currency in the European Union, we have learned enough lessons, which is one of the reasons that all EEU member countries try to avoid talking about this issue,” Javadyan said. -0-

spot_img

POPULAR

Central Bank of Armenia has identified the reasons for the acceleration of inflation to 5.1% in June

External price pressure, rising local food prices, and a slight expansion of domestic demand contributed to the acceleration of annual inflation in Armenia from 3.9% in June 2025 to 5.1% in June 2026.

Armenia’s international reserves reached a record $6.19 billion in July 2026

Armenia's gross international reserves at the end of July 2026 amounted to $6,188.6 million, compared to $5,896.2 million at the end of June, according to a Central Bank report.

Armenian dram weakened against the dollar and strengthened against the euro and ruble: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of August 24, 2026, increased by 0.22 points to 365.38 drams compared to August 21.

Armenian banks will provide citizens with account statements free of charge

Individuals in Armenia will be able to receive free electronic statements from commercial banks about their bank accounts, their balances, and the presence or absence of mutual obligations with the bank.

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (August 17–23)

Key developments in Armenia's financial market this week included new banking compliance requirements, measures against account fraud, and decisions related to capital market development.

LATEST NEWS

spot_imgspot_imgspot_img