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03 February 2023, 13:29

Belarus urges wider use of national currencies in intra-EAEU trade

MINSK, 3 February (BelTA) – Three quarters of settlements in intra-EAEU trade are made in national currencies, Belarusian Prime Minister Roman Golovchenko said at a meeting of the Eurasian Intergovernmental Council in Almaty, Kazakhstan on 3 February, BelTA has learned.

Roman Golovchenko touched upon the topic of ensuring mutual settlements and integration of the settlement and payment systems based on national currencies. "After long conversations and theoretical disputes, we have moved on to real steps to de-dollarize economies. The process of getting rid of the foreign currencies that have compromised themselves in foreign trade is proceeding at a faster pace. Three quarters of settlements in intra-EAEU trade are already made in national currencies. This is a good result. We need to make further progress," he stressed.

According to him, the sanctions measures and the processes that have been launched will accelerate the global transformation of the global financial system. "Despite the pressure, we must focus on the development of cross-border payments, trade and investment financing, including in cooperation with our partners," the Belarusian head of government noted.

"The Eurasian Economic Union is confidently on the track of progressive development. I am convinced that openness and mutually beneficial economic cooperation will remain at the heart of our integration association," the prime minister concluded.

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