ArmInfo. The Eurasian Economic Commission (EEC) forecasts an increase of up to 85% and more in the share of settlements in national currencies in mutual trade between the countries of the Eurasian Economic Union (EAEU) by the end of 2022. Official representative of the EEC, Iya Malkina, announced this on April 20 at a briefing.
According to her, the expansion of the use of national currencies in the implementation of settlements in mutual trade is one of the measures to increase the stability of the economies of the Union states. " According to the latest reporting data, payments in national currencies in internal mutual settlements, are gradually increasing: from 63% in 2013 to 74%. At the same time, the share of the dollar decreased from 30% in 2013 to 19% in 2021. Most of the settlements fall on the Russian ruble," the EEC representative noted.
At the same time, the share of tenge in the structure of payments between Kyrgyzstan and Kazakhstan is growing - from 15% in 2013 to 24% in 2021.
At the same time, as Malkina pointed out, a number of practical steps have already been taken to switch to the use of national currencies in settlements. "For example, Armenia began to pay for Russian gas in rubles, Prime Minister of Belarus Roman Golovchenko also announced the transition to settlements for oil and gas in rubles. Energy resources occupy a significant share in mutual trade. If the transition to settlements in national currencies is successful, then according to the commission's assessment, their share can be expected to grow to 85% or higher," she said.
