- Dollar-Free Monetary Union: Russia-Led Free Trade Zone May Adopt Single Currency
The members of the Eurasian Economic Union (EAEU) may abandon border procedures and adopt a common currency in the future by analogy with the European Union (EU), according to the President of Kyrgyzstan Sooronbay Jeenbekov.
“I strongly believe in the future of the EAEU, we have a tremendous potential. The EU has a single currency, and of course we will also come to this, but time is needed. We must introduce the best of what the European Union has… we must work towards that,” he told Rossiya-24.
Jeenbekov noted that “Like in the European Union we have no borders, no border guards. All our nationals are freely traveling across the Union and are entitled to same services, no matter which – medical, educational…”