Thursday, October 2 2014 16:39
Samvel Chzmachyan: Retention of sovereign currencies in Eurasian Economic Union is possible within a decade's outlook
ArmInfo. Retention of sovereign currencies and an independent monetary policy in the Eurasian Economic Union is possible within a decade's outlook, Samvel Chzmachyan, Head of the Union of Banks of Armenia, said at today's International Banking Conference 2014 in Yerevan.
The stage of the search for arguments in favor of integration of currency and financial markets in the Eurasian area can be considered completed now, he stressed.
He said that the issues related to enhancement of the role of national currencies in mutual settlements among the Eurasian Economic Union member states, creation of conditions to ensure direct quotations and hold mutual settlements require a balanced approach and fine-tune instruments.
"I am sure that the Yerevan platform (International Banking Conference 2014) will become a convenient ground for the professional market players to exchange opinions about the contemporary trends of development of different segments of the financial complex, to work out optimal solutions, to establish contacts, etc", said Chzmachyan.
The Moscow International Currency Association (MICA) is holding an International Banking Conference in Yerevan. The topic of the conference is "The Banks in the Age of Changes: New Challenges, New Tests, New Opportunities". Invited are representatives of the state regulatory structures, top managers of the banks, stock exchanges, brokerage and investment companies, heads and employees of the treasury divisions, financial institutions, FX&MM dealers, experts and analysts from Russia and other countries. The conference will last till October 4. BBR Bank is the official sponsor of the conference.
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