Chairman of the Board of the Eurasian Economic Commission Bakytzhan Sagintayev anticipates that in the near future, the countries of the Eurasian Economic Union (EAEU) will be able to transition fully to settlements in national currencies. He made this statement during a meeting with the President of Russia Vladimir Putin, as reported by TASS.
"If we look at how we conduct settlements in national currencies among ourselves, then by 2021 we had more than 70%, in 2022 we reached 80%, and this year we are already at 90%. Thus, I believe that at this rate, we will soon switch to settlements entirely in national currencies among our countries (EAEU)," Sagintayev said.
The Chairman of the EEC Board also noted that retail trade turnover in the EAEU increased by 6.6% in 2023, investments in fixed capital by 10%, industrial production by almost 4%, and the execution of construction works by more than 8%.
