The ultimate goal

Published: 25 February 2003 y., Tuesday
Russian Prime Minister Mikhail Kasyanov has proposed to introduce the Russian ruble for payments in the Eurasian Economic Community (EurAsEC), which includes Russia, Belarus, Kazakhstan, Tajikistan and Kyrgyzstan. Speaking to participants of the EurAsEC forum, he also called for speeding up the establishment of a single payment system in the community based on national currencies. Kasyanov stressed it was "time to start the integration in the currency field." This would require measures to stabilize exchange rates of currencies in EurAsEC and the levels of economic development of EurAsEC countries. The ultimate goal of the integration is the introduction of a single currency in EurAsEC, the Russian Prime Minister noted. Kasyanov stressed that, before the introduction of a single currency, EurAsEC had to go through all other stages of integration first, such as the establishment of a free trade zone, a customs union and the development of collaboration in the real economic sector, RBC reports.
Šaltinis: Caspian News Agency
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Spanish car workers to get help from EU Globalisation Fund

The European Commission has approved an application from Spain for assistance under the European Globalisation adjustment Fund (EGF). more »

MEPs discuss green levies on lorries

Green issues continue to dominate the headlines, as MEPs from the Transport Committee vote Wednesday on possible new charges for lorries, based not only on CO2 emissions but other factors such as noise and air pollution and congestion. more »

Europe's universities and businesses get together

High level representatives from business, higher education and politics are meeting in Brussels on 5-6 February for the 2009 European University-Business Forum. more »

Bailout bucks draw needy New Yorkers

Bailoutbooth.com is doling out $50 and $100 bills to anyone over 18 who can explain why they need it. more »

Chinese airlines face bumpy 09 ride

China's big three airlines are predicting a bumpy ride for 2009. With the global economic slowdown, failing passenger demand and cost pressures, all three carriers are feeling the credit crunch's bite. more »

Czech Presidency calls for coordinated support of EU car industry

The Czech EU Presidency aims to give a new impetus to European car industry, a key sector that has been seriously hit by the global economic crisis. more »

Energy for the future

Opening a new front in the fight against climate change, cities across Europe vow deeper emission cuts. more »

DnB NORD Bankas revises deposit rates

Taking into account changes on international and domestic money markets AB DnB NORD Bankas, a member of international financial group, has changed individual and corporate customers time deposit rates. more »

High quality industrial relations can help EU face crisis

A European Commission report shows that structured dialogue between workers' and employers' representatives can help the EU face the economic crisis. more »

СEOs feel “entitled”

Dennis Kozlowski, the ex-Tyco CEO who spent 6 thousand dollars in company money on a shower curtain, has plenty of company today in the corporate shame game. more »