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Economy
20 January 2021, 16:20

Share of national currencies in trade inside Eurasian Economic Union up to 74%

MOSCOW, 20 January (BelTA) – The share of transactions using national currencies in trade between Eurasian Economic Union member states has reached 74%, BelTA learned from Iya Malkina, Aide to the Chairman of the Board of the Eurasian Economic Commission, on 20 January.

An online presentation of the Eurasian Development Bank report on changes of the role of the Eurasian Economic Union's national currencies in international transactions is supposed to take place on 28 January. Iya Malkina cited several figures from the report. At present the share of Eurasian Economic Union national currencies in world trade is close to 2% but results are more formidable in trade inside the Eurasian Economic Union – the national currencies are used for 74% of the mutual trade at present. There is a potential for further growth, Iya Malkina noted.

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