Thursday, May 19 2022 22:22
Alina Hovhannisyan

EAEU considers possibility of forming fundamentally new model of  monetary and financial regulation

EAEU considers possibility of forming fundamentally new model of  monetary and financial regulation

ArmInfo. The EAEU is in discussions with the SCO (Shanghai Cooperation Organization) to form a fundamentally new model of monetary and financial regulation in the  world. This was stated by  Minister for Integration and  Macroeconomics of the Eurasian Economic Commission (EEC), Doctor of  Economics, Professor, Academician of the Russian Academy of Sciences,  ex-Minister of Foreign Trade of the Russian Federation Sergey Glazyev  during the video bridge Moscow - Bishkek - Minsk - Yerevan -  Nur-Sultan.

He noted that, first, it is necessary to develop a common model of a  new settlement world currency in digital format as part of the  conjugation of the EAEU and the One Belt - One Road initiative, using  the potential of the SCO, which would be used exclusively in  international relations. "This currency must be stable, transparent,  fair, protected from all sorts of sanctions," he said.

The Minister said that this issue will be discussed on May 26 at the  Eurasian Economic Forum