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Share of mutual settlements between EEU member states in national currencies is likely to reach 80% in 2022

YEREVAN, July 20. /ARKA/.  The share of mutual settlements between Eurasian Economic Union (EEU) member states in national currencies is likely to reach 80% in 2022, spokeswoman of the Eurasian Economic Commission (EEC) Iya Malkina told a press briefing today in Moscow.

She recalled that in 2021, the share of mutual settlements in national currencies was 73.5%. She said a meeting of the high-level working group scheduled for July 22 will discuss a set of issues on how to increase the sustainability of the EEU economies.

The high-level meeting will be attended by the Eurasian Economic Commission Board chairman Mikhail Myasnikovich, EEU Minister of Economy and Financial Policy Bakytzhan Sagintayev, as well as officials from the national ministries and banks of the EEU member states.

“The agenda of the meeting includes stimulation of mutual investments and expansion of the use of national currencies across the Eurasian Economic Union in mutual settlements. All conditions to increase the share of settlements in national currencies have now been created, including the necessary payment and settlement infrastructure,” said Malkina.

The EEU includes Russia, Armenia, Belarus, Kazakhstan, and Kyrgyzstan. -0-

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