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

Fitch forecasts inflation in Armenia at 4.4% in 2026, subsequently declining to 3%

The international rating agency Fitch Ratings expects inflation in Armenia to average 4.4% in 2026, after which it will gradually return to its target level of 3%.

Fitch Expects Central Bank of Armenia to Raise Refinancing Rate

International rating agency Fitch Ratings expects a temporary increase in the refinancing rate in Armenia.

Armenia has benefited from capital transit, but its origins pose reputational risks – Tavadyan

The report of the Council of Europe Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) on Armenia documented the country's progress in developing its anti-money laundering and counter-terrorist financing systems, but identified insufficient effectiveness in investigations, prosecutions, and confiscation of criminal assets, as well as the need for stronger oversight in several economic sectors.

Dollar and euro exchange rates against the Armenian dram rose, while the ruble weakened: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market as of July 15, 2026, rose by 0.51 points compared to July 14, reaching 367.25 drams.

”Araks” poultry farm produces 10 tons of poultry meat and 400 thousand eggs daily, its partner is Acba Leasing

For about 30 years, the Araks poultry farm has been providing the Armenian market with fresh poultry meat and eggs every day.

LATEST NEWS

spot_imgspot_imgspot_img