Creation of single currency for EEU is a matter of decades- economist says

04.09.2015 18:02
Creation of single currency for EEU is a matter of decades- economist says

YEREVAN, September 4. / ARKA /. Tatul Manaseryan, the head of a Yerevan-based think-tank Alternative, says introduction of a single currency for the Eurasian Economic Union is a matter of decades.

"Introduction of a single currency is the highest form of economic integration. It means harmonization of fiscal and monetary policies of all the member states," Manaseryan said at a press conference on Friday.

According to him, the benefits of Armenia’s membership in the EEU will be felt only after some time.

"Integration itself is only a factor or a means to achieve something. It can bring both benefit and harm,’ he said.

The Eurasian Economic Union that came into force on Jan. 1, 2015, consists of Armenia, Russia, Kazakhstan, Belarus and Kyrgyzstan. -0-


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