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EAEU National Currency Payments Reach 93.5% of Intra‑Bloc Trade, Bank Chief Says

Belarusian central bank chief reports that intra‑EAEU trade now mostly uses national currencies, easing costs and risks.

By FlashPoint NewsSource: english.news.cn1 min read

In brief

According to Roman Golovchenko, chairman of Belarus’s National Bank, payments for goods and services within the Eurasian Economic Union have risen to 93.5 % in national currencies. The increase reflects market‑driven preferences and reduces transaction costs and currency risk for the bloc. The central bank meeting also discussed broader economic conditions and digital‑currency regulation.

At a Thursday meeting of the advisory council on currency policy of the central banks of EAEU member states in Minsk, Roman Golovchenko, chairman of the Board of the National Bank of the Republic of Belarus, announced that the share of payments in national currencies for intra‑bloc trade has reached 93.5 percent.

The share of payments in national currencies for exports and imports of goods and services within the bloc has reached 93.5 percent.

Roman Golovchenko said the rise is a consequence of market forces, with businesses favoring reliable and predictable payment instruments without administrative coercion.

The increased use of national currencies is said to lower transaction costs and reduce currency‑risk exposure for firms operating in the Eurasian Economic Union, which includes Russia, Kazakhstan, Belarus, Kyrgyzstan and Armenia.

In addition to the payment‑currency data, the council reviewed the current economic situation and monetary policy, measures to counter unauthorized payments, and discussed the potential regulation and use of central bank digital currencies and virtual assets within the bloc.

Only Xinhua reported the 93.5‑percent figure; no other outlet has published a claim to the same effect as of the time of this coverage.

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