YEREVAN, August 2. /ARKA/. A single currency for the Eurasian Economic Union (EEU), which comprises Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan, may be introduced after 2025, Russian Economic Development Minister Maxim Oreshkin said in an interview with Rossiya 24 TV channel, rns.online reported.

He said before switching to a single currency, EEU member states should harmonize their regulations concerning production of goods, services, financial services, the banking system and only then create a single currency, which may occur after 2025.

He stressed that at this stage there is no talk at all about introducing a single currency for the bloc.
In his words, the experience of European countries has shown that the introduction of a single currency without the creation of a single market and regulation leads to economic imbalances and a crisis. -0-

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The Eurasian Development Bank proposed the central banks of the Eurasian Economic Union member countries to create a single monetary unit for calculations, Vestifinance.ru reports

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The introduction of a single currency for member countries of the Eurasian Economic Union may appear on the agenda no earlier than 2015, the chairman of the Central Bank of Armenia Arthur Javadyan said today

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Introduction of a single currency in the Eurasian Economic Union space is not being discussed so far, Vache Gabrielyan, vice-premier and international economic integration minister, told journalists on Tuesday

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Members of the Russia-led Eurasian Economic Union (EEU) must create a single currency, former Armenian prime minister Hrant Bagratyan, now an MP from the opposition Armenian National Congress (ANC), said today

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