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Belarus, Russia not to introduce common currency for present

September 28, 2012, 16:21 UTC+3
The Union State of Belarus and Russia at present is the most advanced and efficient integration project in the post-Soviet space, Yermakova said
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MINSK, September 28 (Itar-Tass) — The current stage of the development of the Union of Belarus and Russia does not envisage the common currency introduction, the Belarusian state newspaper Zvezda on Friday cited Chairwoman of the National Bank of Belarus Nadezhda Yermakova as saying.

The Union State of Belarus and Russia at present is the most advanced and efficient integration project in the post-Soviet space, she noted.

Nevertheless, the interstate cooperation at present is on the level that does not envisage the introduction of a common monetary unit. So, each of the countries will have its own currency in the near future.

Yermakova notes that Belarus may lose its independence if it transfers its money issuing centre to the Russian Federation. However, there is no such a question at present. The current stage of the development of the union does not envisage the creation of a common issuing centre. Life will show how the integration processes will develop, she added.

 

 

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