Tigran Sargsyan, former Prime Minister of Armenia, Deputy Chairman of the Board of Directors of the Eurasian Development Bank (EDB) and curator of the Digital Initiatives Fund, said that the Eurasian Economic Union (EAEU) countries are not yet ready to implement a single currency. . His words guide the way TASS.
“We are far from being ready to implement a single currency. The task of harmonizing the legislation of the five countries and harmonizing the legislation regulating the banking sector needs to be solved. This requires careful work and it is a job that needs to be done,” Sargsyan said.
Meanwhile, he emphasized that creating a single payment area is an urgent and priority task for the EAEU and partner countries. He listed Iran, Egypt, Vietnam, India, Singapore and China among the latter.
Currently the EAEU includes five countries: Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia.
BRICS countries have also been we are discussing The possibility of creating a common unit of account alternative to the dollar.
Previous analysts appreciated The idea of creating a new BRICS financial system based on blockchain.