RUSSIAN PLAN IS UNREALISTIC
Published:
21 August 2002 y., Wednesday
Yaraslau Ramanchuk, an expert from the Minsk-based Strategiya think tank, told Belapan that Russia's proposal to introduce the Russian ruble as the common currency of Russia and Belarus on 1 January 2004 is a "propagandist move" rather than a realistic plan of action.
"There would be a sense in switching over to a common currency if the [Russian] currency was stable [and] enjoyed the confidence of investors and trading partners. The Russian ruble is not a hard currency," Ramanchuk added. Another Belarusian expert, Valery Dashkevich, said Russia's currency integration proposals can hardly be implemented since they imply "the incorporation of Belarus into the Russian Federation." "If the plan is accepted, the National Bank of Belarus will turn into the Russian Central Bank's main office for Belarus, which contravenes the Belarusian Constitution," Dashkevich added.
Šaltinis:
rferl.org
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The heads of seven major Kazakh banks issued a statement on 2 December pledging support for President Nursultan Nazarbaev's policies and promising to stay out of politics
more »
EU ministers move forward on controversial data retention proposals
more »
The Russian leader is to meet Turkish President Ahmet Necdet Sezer and Prime Minister Recep Tayyip Erdogan and oversee the signing of six cooperation agreements, including defense, finance and energy accords
more »
The Senate has voted in favour of a government plan to ease access to the Swiss labour market for citizens of the ten new European Union member states
more »
Prime Minister Manmohan Singh on Friday held wide-ranging discussions with visiting Russian President Vladimir Putin on bilateral, regional and international issues
more »
Estonia will participate in the European Union's (EU) battle groups that will be deployed in the future for the regulation of different crises
more »
Lithuanian parliament will cooperate only with democratically orientated Belarusian National Assembly, speaker says
more »
The Armenian and Azeri foreign ministers are to meet in Sofia soon, Armenia's minister Vardan Oskanyan said in interview with Public Television of Armenia
more »
Negotiators made a breakthrough in Ukraine's election crisis on Wednesday, with all sides concerned agreeing to new elections under terms stipulated by the Supreme Court
more »
Tokyo wants on board; Hosoda seeks veto power
more »