EEU intensifies process of forming common payment space
<p> MINSK, Jul 20 - PrimePress. The Eurasian Economic Union (EEU - Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia) will intensify the process of creating a common payment space, according to the press service of the Eurasian Economic Commission (EEC). </p> <p> </p> <p> "For successful implementation of the tasks to form a common financial market of the EEU, I consider it important to intensify cooperation between the Commission and financial regulators of the Union’s countries on the development of payment and settlement relations in the Eurasian space. We need to discuss the prospects for development of integrated and holistic approaches to the formation of an integrated payment and settlement infrastructure, taking into account the digitalization of the financial sector," said Director of the EEC Financial Policy Department Arman Khachatryan at a meeting of the Expert Council on settlements in national currencies of the EEU member states. </p> <p> </p> <p> The goals of expanding the use of national currencies in cross-border settlements and development of the common payment space are defined by the EEU Treaty and reflected in the Strategic Development Guidelines of the Eurasian Economic Integration until 2025, Khachatryan said. End </p> <p> </p>
2021-07-21
Primepress
EEU intensifies process of forming common payment space
MINSK, Jul 20 - PrimePress. The Eurasian Economic Union (EEU - Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia) will intensify the process of creating a common payment space, according to the press service of the Eurasian Economic Commission (EEC).
"For successful implementation of the tasks to form a common financial market of the EEU, I consider it important to intensify cooperation between the Commission and financial regulators of the Union’s countries on the development of payment and settlement relations in the Eurasian space. We need to discuss the prospects for development of integrated and holistic approaches to the formation of an integrated payment and settlement infrastructure, taking into account the digitalization of the financial sector," said Director of the EEC Financial Policy Department Arman Khachatryan at a meeting of the Expert Council on settlements in national currencies of the EEU member states.
The goals of expanding the use of national currencies in cross-border settlements and development of the common payment space are defined by the EEU Treaty and reflected in the Strategic Development Guidelines of the Eurasian Economic Integration until 2025, Khachatryan said. End