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

It is now possible to register in Unibank’s mobile application through imID as well

Unibank continues to expand its digital service capabilities by offering customers another convenient option for registering in the UNIMobile application.

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

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market, fell by 0.18 points on July 28, 2026, compared to July 27, to 366.54 drams.

Armenia’s $5.9 billion reserves cover more than four months of imports: former Finance Minister calls this a hedge against external shocks

Armenia's $5.9 billion international reserves cover more than four months of imports and currently provide a fairly reliable hedge against external shocks.

How much do Armenian banks transfer to the budget for every dram of profit? Armbanks ranking

In the first half of 2026, 17 commercial banks in Armenia transferred 116.16 billion drams in tax and customs payments to the state budget.

Moody’s Affirms Armenia’s Rating at Ba3 and Improves Outlook to Positive

The international rating agency Moody's Ratings has revised the outlook on Armenia's sovereign rating from stable to positive, affirming its long-term issuer ratings in both local and foreign currencies at Ba3.

LATEST NEWS

spot_imgspot_imgspot_img