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De-Dollarization Within EEU Important To Armenia Because Of Ties Wit

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  • De-Dollarization Within EEU Important To Armenia Because Of Ties Wit

    DE-DOLLARIZATION WITHIN EEU IMPORTANT TO ARMENIA BECAUSE OF TIES WITH IRAN - EXPERT

    YEREVAN, March 12. /ARKA/. Russian president Vladimir's Putin
    instruction to the central bank and the cabinet to consider the
    issue of currency integration within the EEU implies that opinions
    of Minsk, Astana and Yerevan shall be considered, political analyst
    Sergey Shakaryants told RIA Novosti on Wednesday.

    It guarantees well enough that no rush decisions will be made,
    Shakaryants said, as cited by Novosti-Armenia referring to RIA Novosti.

    According to the analyst, Russian leaders make a decision based on
    the fact that the Russian Federation and China, as well as China and
    Kazakhstan have already decided to abandon dollar in their bilateral
    payments. In February, Iran decided to trade with other countries in
    any currency other than US dollar.

    Russia and Kazakhstan have already taken the first steps to
    de-dollarize their foreign trade, with their leading trade partners
    outside the EEU in particular, Shakaryants said.

    The new terms of trade and mutual payments will be soon even more
    important to Yerevan than to some other EEU member states, due to
    close trade and economic ties with Iran, the analyst said.

    Yet, it is premature to say to what extent the four EEU member
    countries are prepared for transition to a single currency, the expert
    said. -0--

    http://arka.am/en/news/economy/de_dollarization_within_eeu_important_to_armenia_b ecause_of_ties_with_iran_expert/#sthash.9XFkvEyq.dpuf

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