Single Currency Proposed for EEU States; Russia Wants Ruble

MOSCOW””The Eurasian Development Bank has proposed the central banks of the Eurasian Economic Union member countries to create a single currency, saying it would facilitate a mutual accounting system. Russia has proposed its ruble to become the said monetary unit, according to a report by Vestifinance.ru.

“There are some instruments designed for long-term use, which we propose to be discussed by monetary regulators,”