ArmInfo. The introduction of a common currency within the EAEU at this point in time would have a negative effect on the GDP of the member states. Evgeny Vinokurov, Chief Economist of the Eurasian Development Bank and Eurasian Fund for Stabilization and Development (EFSD) said this during the presentation titled "Enhancing the role of national currencies of the EAEU in international settlements". The expert based his opinion on the results of an earlier study on a common currency for the member countries of the association.
"In the long term, we can return to this issue when several conditions are met," he said. In this context, Vinokurov pointed to an increase in internal stability, an increase in mutual investments, trade volumes, unification of the regulation of foreign exchange markets, a coordinated approach to monetary policy, etc.
"When progress is achieved within the EAEU, then it will be possible to return to the topic of a common currency," the economist concluded.
