Eurasian Economic Union set to abandon dollar, euro — reports

The EEU countries could switch to national currencies in mutual payments by 2025-2030, the chairman of the board of directors of Russia’s National Payment Council, told the Izvestia newspaper

MOSCOW, December 2. /TASS/. Transactions in dollars and euros could be banned within the member-states of the Eurasian Economic Union (EEU) — Russia, Belarus, Kazakhstan and Armenia, the Izvestia newspaper reported on Tuesday.

The EEU countries could switch to national currencies (ruble, Belarusian ruble, Kazakhstani tenge and Armenian dram) in mutual payments by 2025-2030, the chairman of the board of directors of Russia’s National Payment Council, Alexander Murychev told the newspaper. Continue reading