Armenian PM calls for increasing share of national currencies in settlement of transactions within EEU

YEREVAN, December 10. /ARKA/. Speaking at a meeting of the Supreme Eurasian Economic Council today via videoconference Armenian Prime Minister Nikol Pashinyan said EEU member states should realize the strategic goal of increasing the share of national currencies in the settlements of trade transactions among EEU member states.

In his words, the rise in prices of foods and commodities all over the world once again confirm it.

According to him, a year after the adoption of strategic directions of the EEU development for the next 5 years, ‘ we can talk about very encouraging and intermediate results.’  

Pashinyan noted that an important aspect of the Eurasian integration development and one of the main criteria of the EEU interaction is the development of the Union’s internal market.

He said the functioning of the internal market without barriers, restrictions and exemptions  will be a powerful impetus for the economic  growth of the EEU member states, increasing their competitiveness, boosting business, creating new  jobs and reducing unemployment.

Pashinyan noted that deepening of integration processes will promote structural transformation of economies of the EEU member states, their modernization and diversification which is extremely important amid fluctuating world commodity prices.

“In addition, it is obvious that trade in services, which has become a dynamic component in today’s world economy, is a new stimulus for the diversification of exports of developing countries. In such circumstances, the importance of increasing exports of services by the EEU member states, the volume of which is not yet so significant, is growing,” he said.

According to the Prime Minister, a monitoring of the implementation of liberalization plans and analysis of the services market of the EEC and its member states will allow to formulate a number of problems of its functioning and to continue further constructive work based on mutual understanding and consideration of interests of all the member states. -0-

spot_img

POPULAR

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (September 21–27)

Armenia’s financial agenda this week centered on developing regulatory cooperation, digitizing currency transactions, and expanding capital market instruments.

Armenian Dram Day to be marked at DigiTec 2026 with a major fintech conference

Armenian Dram Day will be celebrated this year within the framework of the DigiTec 2026 technology exhibition through a large-scale fintech conference, announced Edita Ghazaryan, Executive Director of the Union of Advanced Technology Enterprises (UATE).

Central Bank of Armenia and National Bank of Georgia Sign Memorandum of Understanding on Financial Cooperation

The Central Bank of Armenia and the National Bank of Georgia have signed a memorandum of understanding regarding financial cooperation.

Armenia and ADB Discuss New Projects and Areas of Cooperation

Armenian Deputy Prime Minister Tigran Khachatryan and Lyaziza Sabyrova, Country Director for Armenia at the Asian Development Bank (ADB), discussed new areas of cooperation and infrastructure projects.

Exchange rates of the euro, ruble, and dollar against the Armenian dram have fallen – Central Bank of Armenia data

The average market exchange rate of the US dollar against the Armenian dram, established on Armenia's currency market, fell by 0.06 points on September 24 compared to September 23, settling at 363.38 drams.

LATEST NEWS

spot_imgspot_imgspot_img