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

Martin Galstyan re-elected as Governor of the Central Bank of Armenia

Martin Galstyan was re-elected as Governor of the Central Bank of Armenia on Tuesday in a closed, secret ballot vote in the National Assembly.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (April 27 – May 3)

Last week, the focus in Armenia was on changes in bank taxation, the development of a new law on payment services, and the transformation of investment companies.

Euro, dollar, and ruble exchange rates against the Armenian dram continued to decline: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of May 5, 2026, decreased by 0.34 points compared to April 30, to 370.44 drams.

100 million euros will be allocated for business development in Armenia: ACBA Bank

CBA Bank, in a new partnership with the European Bank for Reconstruction and Development, will allocate 100 million euros to the development of businesses operating in Armenia, with the EBRD bearing the risk of 50 million euros of the financing.

The risk premium on Armenian Eurobonds has decreased from 400 to 190 basis points: Central Bank Governor

The risk premium on Armenian Eurobonds has decreased significantly, from 400 to 190 basis points, stated Martin Galstyan, Governor of the Central Bank of Armenia.

LATEST NEWS

spot_imgspot_imgspot_img