In brief
Belarus National Bank head Roman Golovchenko announced that 93.5% of intra‑EAEU trade is settled in national currencies. The shift reduces transaction costs and currency risk, driven by market forces. Central banks also discussed broader monetary policy and digital currency regulation.
In a meeting in Minsk on Wednesday, Roman Golovchenko, chairman of Belarus’ National Bank, said that 93.5 percent of trade inside the Eurasian Economic Union now uses national currencies.
Roman Golovchenko, chairman of Belarus’ National Bank, said:
"The share of payments in national currencies for exports and imports of goods and services within the bloc has reached 93.5 percent."
The move is driven by market forces, with businesses preferring reliable payment instruments that avoid administrative control. It also helps lower transaction costs and reduce currency‑risk exposure for the bloc.
During the session, the central banks discussed the current economic climate, overall monetary policy, steps to curb unauthorized payments and the possible use and regulation of central bank digital currencies and virtual assets.
The Eurasian Economic Union, founded in 2015, includes Russia, Kazakhstan, Belarus, Kyrgyzstan and Armenia.