13:42, 12 февраля 2022, Bishkek - 24.kg news agency , Tatyana KUDRYAVTSEVA
Practical approaches to stimulating mutual settlements in the national currency between business entities of the countries of the Eurasian Economic Union (EEU) in mutual trade were considered at a meeting of a high-level working group chaired by the Minister of Economy and Financial Policy of the Eurasian Economic Commission (EEC) Ruslan Beketaev. The EEC reported.
In particular, the possibilities for stimulating settlements in the national currency were discussed. The participants of the meeting noted that in order to make businesses more interested in using the national currency, it is important to step up mutual trade and financial flows between the states of the Union, reduce non-tariff barriers, improve payment and settlement infrastructure, and also actively form common markets.
«The share of the national currency in mutual settlements of the EAEU countries over the past seven years (from 2013 to 2020) has increased from 63 to 73.5 percent. US dollars prevailed in the currency structure of payments with third countries. Their share in payments for imports is 36.7 percent, for exports — 55.5 percent. This is due to a significant share of exports of fuel and energy products. At the same time, there is a potential for further growth in settlements in the national currency,» the statement says.