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-

spot_img

POPULAR

Net non-commercial remittances in Armenia accelerated to 16% in April – WB

Net non-commercial remittances in Armenia increased by 16% year-on-year in April from a low base in 2025, according to the World Bank's "Armenia Monthly Economic Update – June 2026."

An additional 10 billion drams will be allocated for a cashback program for pensioners in Armenia

An additional 10 billion drams will be allocated from the 2026 state budget of Armenia for a cashback program for pensioners making non-cash payments.

Armenia’s GDP growth forecast is around 5.4-5.6% in the medium term: Finance Minister

The Armenian government forecasts stable economic growth of 5.4-5.6% annually in the medium term, stated RA Finance Minister Vahe Hovhannisyan.

Euro, dollar, and ruble exchange rates against the Armenian dram fell: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of June 24, 2026, fell by 0.15 points compared to June 23, to 367.93 drams.

VTB (Armenia) reports increased demand for agricultural lending products

VTB (Armenia) is reporting increased demand for its "Fast" loan product, designed for clients operating in the agricultural sector.

LATEST NEWS

spot_imgspot_imgspot_img