Chairman of the Board of the Eurasian Development Bank (EDB) Andrey Belyaninov said at the international media congress, which is currently taking place in Almaty, Kazakhstan, that the EDB is considering the possibility of creating a single regional unit of account in the Eurasian Economic Union (EAEU), and it is possible that such a unit could become a cryptocurrency.
At the moment, payments between the Russian Federation and the EAEU states are made in rubles, and between the EAEU member countries they settle in dollars. The introduction of a single unit of account, according to the EDB, would correct the situation.
According to Belyaninov, today the situation in the Eurasian Economic Union is extremely favorable, for which he is grateful to US President Donald Trump, who imposed appropriate sanctions against Russia.
“Sanctions have had a positive impact on our efforts to consolidate internal resources, create a single economic space, create infrastructure in this space and develop it. We can also create a single settlement currency in the EAEU. It could be a ruble or a currency on a blockchain.”
Belyaninov believes that sanctions present new opportunities for everyone. And the EAEU should be considered not only from the point of view of partnerships, but also from the point of view of an environment for the introduction of new innovative ideas and technologies.
From September 5 to 8, the EDB is holding an International Media Congress, which is attended by about 60 representatives of leading media from the EAEU member countries. The plenary session was devoted to the coordination of macroeconomic policies, the use of national currencies in mutual settlements, as well as investment interaction between the EAEU countries. In addition, a number of issues will be considered on the development of partnerships between the EAEU and other interacting unions.
The Eurasian Development Bank (EDB) is an international financial institution created by Russia and Kazakhstan in January 2006 to promote the development of the market economy of the participating countries, their sustainable economic growth and the expansion of mutual trade and economic relations. The authorized capital of the EDB is 7 billion US dollars. The participating states are Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia and Tajikistan.
According to arka.am
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