Russia’s new Eurasian Economic Union could get its own single currency

“The union is still in its early days, having formally begun only in January, but the bloc has tentatively agreed to bring in a single currency and a Eurasian Central Bank by 2025. Belarus’ Mikhail Myasnikovich, prime minister until 2014, is calling for the process to be fast-tracked so the currency is ready in the next four years, according to Belarusian state news.  And Putin instructed Russia’s central bank earlier this month to work with both the government and other central banks ‘to determine the future direction of integration in the monetary and financial sectors in the framework of the Eurasian Economic Union with the study of the feasibility of establishing in the future monetary union.'”

http://www.businessinsider.com/russia-eurasian-economic-union-could-get-its-own-single-currency-2015-3

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin