“The common currency unit in the Eurasian Economic Union is not the subject of words”

Bakıtcan Sagintayev, Minister for Economic and Fiscal Policies of the Eurasian Economic Union (EAEU), stated that the creation of a common currency unit within the framework of the EEA is not a matter of words.

Sagintayev made statements after the extended meeting of the Intergovernmental Committee of the Eurasian Economic Union held in Almaty, Kazakhstan.

Noting that it is aimed to establish a common financial market by 2025 in the middle of EEU member countries, Sagintayev stated that this does not mean that a common currency unit will be implemented within the framework of the Union.

“This (common currency) is not mentioned in all our core agreements. The common financial market includes the establishment of uniform rules in the banking, stock exchange and insurance divisions,” Sagintayev said. he said.