More than 75 percent of settlements in the Eurasian Economic Union (EAEU) are made in the national currency. The President of Kyrgyzstan Sadyr Japarov announced at a meeting of the Supreme Eurasian Economic Council in an expanded format.
According to him, the situation in the EAEU member states is characterized by relative macroeconomic stability. This was made possible by the adoption of joint measures to ensure economic sustainability. The countries of the Union now need to continue working in this direction, as well as to determine new measures and mechanisms for reaching advanced development.
At the same time, the head of state noted that the growth of mutual trade between Kyrgyzstan and the EAEU countries for three quarters of 2022 amounted to 30 percent, and exports to the states of the Union increased by more than 40 percent.
«As a result of joint coordinated measures to ensure the food security of the Union countries this spring, we managed to avoid food shortages. An important step taken by us to maintain overall financial stability was joint measures to increase settlements in the national currency in mutual trade between our countries. Progressive movement in this direction made it possible to convert more than 75 percent of mutual settlements into the national currency, as well as provide access to the Russian currency trading platforms. I believe that in the future this will not only diversify our foreign exchange portfolios, but also reduce the pressure of imported inflation,» he stressed.
