About 90% of mutual trade in EAEU is carried out in national currencies – EEC Minister

YEREVAN, September 30 /ARKA/. Approximately 90% of mutual trade in the Eurasian Economic Union is carried out in national currencies, said the member of the Board (Minister) for Economy and Financial Policy of the EEC Bakhyt Sultanov.

“In terms of ensuring trade through the use of national currencies, there has been great progress: more than 90% of our mutual trade is in national currencies, and the development of financial systems, the integration of our payment systems in this area plays a very important role,” he told journalists on Monday on the sidelines of the Third Eurasian Economic Forum in Yerevan. 

According to Sultanov, this indicates that the role of national financial systems in this process strengthens the trade of participating countries. -0-

spot_img

POPULAR

Moody’s Ratings affirms Unibank’s B1 ratings with a stable outlook

Moody's Ratings affirmed Unibank B1 long-term local and foreign currency bank deposit ratings and maintained the stable outlook.

Top Travel Destinations of 2026: IDBank

Travel is no longer about just choosing a destination; it has become a way to embrace new experiences, discover various cultures, and create lasting memories.

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

The average market exchange rate for the US dollar to the Armenian dram, determined on the Armenian foreign exchange market as of June 17, 2026, fell by 0.15 points compared to June 16, to 368.06 drams.

Armenian authorities plan to reduce public debt to below 45% of GDP in the coming years: minister

Armenia plans to reduce public debt to below 45% of GDP in the coming years, Finance Minister Vahe Hovhannisyan announced in parliament.

Up to 30% idcoin at pools: Idram&IDBank

From the very first days of summer, everyone gets into “vacation mood”. Some are already planning their long-awaited beach getaways, others prefer to enjoy the breathtaking nature of Armenia, while some are looking for ways to spend the weekend aways from the city’s hustle and bustle – right here in town.

LATEST NEWS

spot_imgspot_imgspot_img