Wed, 3 September
29.6 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Recommendations on development of settlements in national currencies in EEU approved

YEREVAN, August 26. /ARKA/. The Eurasian Intergovernmental Council approved August 25 at a meeting in Cholpan-Ata, Kyrgyzstan, a set of recommendations on expansion of the use of national currencies of the EEU member states in mutual trade, TASS reported citing the press service of the Russian Ministry of Economic Development.

“One of the central issues on the agenda was the expansion of the use of national currencies of the Eurasian Economic Union member states in the mutual trade settlements. The participants of the meeting approved a document with relevant recommendations,” the Russian Ministry of Economic Development said.

The Ministry clarified that the EEU countries agreed that the implementation of such plans requires ensuring the functioning of the financial system of the EEU market and development of independent payment infrastructure.

The parties also stressed the importance of “ensuring the interaction of payment card systems of the EEU countries” so that bankcards issued in the territory of the union would be mutually accepted in the EEU member states. -0-

spot_img

POPULAR

Cryptocurrency in Armenia: Stringent Regulations and Elevated Expectations

The future of cryptocurrencies in Armenia was a topic of discussion among participants at the Armenian Cryptocurrency Assets Forum, which recently took place in Yerevan.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Measures to encourage cashless transactions discussed in Armenia

The Armenian government, chaired by Prime Minister Nikol Pashinyan, convened a meeting yesterday to deliberate on initiatives aimed at promoting cashless transactions, the government press service reported.

ArCa payment system reinstated

The Armenian Card (ArCa) payment system has been completely reinstated, according to a report from the company's press service.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

LATEST NEWS

spot_imgspot_imgspot_img