90% of mutual trade within EAEU in national currencies - Bakhyt  Sultanov

ArmInfo.90% of mutual trade in the EAEU is carried out in national currency. This was  stated to journalists on the sidelines of the Eurasian Forum on September 30 by the Minister of Economy and Financial Policy of the Eurasian Economic Commission (EEC) Bakhyt Sultanov.

"And the development of financial systems, the docking of our payment  systems plays a very big role in this direction," he said.

The minister called the financial market one of the important  elements of economic integration, one of the four freedoms.

"This is a somewhat complicated issue, since there are many external  factors that influence this process. We had to complete the  harmonization of our common financial market, the harmonization of  legislation. And in this direction, active work is currently underway  at all sites, including with our regulators," the minister  emphasized.

Years earlier, Bakytzhan Sagintayev, who then held the post of  Minister for Economy and Financial Policy of the EEC, noted that the  issue of forming a common financial market stems from the union  treaty, according to which a common financial market of the EAEU  countries should be formed by 2025.