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

Converse Bank Completes the Placement of EBRD Bonds

Converse Bank acted as the EBRD's key partner throughout the transaction, arranging the bond issuance and the guaranteed placement of the bonds

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.

MONEYVAL recommended Armenia strengthen its fight against money laundering and confiscation of criminal assets

The Council of Europe's Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) noted Armenia's progress in developing its system for combating financial crime, but recommended strengthening the effectiveness of money laundering investigations, asset confiscation, and oversight of certain economic sectors.

Polytechnic University Graduation Ceremony Held with the Support of Unibank

As one of the benefactors of the National Polytechnic University of Armenia (NPUA), Unibank supported the organization of the graduation ceremony for the University’s 93rd graduating class. 

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (July 6–12)

The week in Armenia's financial market was marked by accelerating annual inflation and activity in the government and corporate securities markets.

LATEST NEWS

spot_imgspot_imgspot_img