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Eurasian Economic Union to have common currency in 5-10 years

July 25, 2014, 18:24 UTC+3 KAZAN
“We could have avoided this if we had not broken the rouble when the Soviet Union collapsed,” Russia’s First Deputy Prime Minister Igor Shuvalov
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Russia’s First Deputy Prime Minister Igor Shuvalov

Russia’s First Deputy Prime Minister Igor Shuvalov

© ITAR-TASS/Anton Novoderezhkin

KAZAN, July 25. /ITAR-TASS/. The Eurasian Economic Union (of Russia, Belarus and Kazakhstan) will have a common currency unit in a span of five to ten years, Russia’s First Deputy Prime Minister Igor Shuvalov said on Friday.

“The issue of a common currency will certainly be solved in five to ten years; there will be issuing centres and there will be a common currency,” he said at a meeting with participants in the international educational forum Summer Campus of the Presidential Academy. “We could have avoided this if we had not broken the rouble when the Soviet Union collapsed. We wrecked our common economic space and now, being independent states, we are creating such space again. The subject of introducing a common currency will be discussed in professional circles.”

The annual Summer Campus of the Presidential Academy has been held in Russia’s republic of Tatarstan since 2012. Lectures and training seminars for Russian and foreign students are given by Russian and foreign experts, businessmen and top-ranking officials.

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