BELARUS NEWS AND ANALYSIS

DATE:

25/11/2008

Belarus, Russia draft agreement to expand use of RUR

MINSK, November 25 (Itar-Tass) - Belarus and Russia have drawn up a draft agreement on the expansion of the use of the Russian rouble in settlements between the economic entities of the two countries, an official at the information department of the National Bank of the Republic of Belarus said on Monday.

The drafts of such an agreement and a respective decision of the Supreme State Council of the Union State had been considered at a regular session of the Interbank Currency Council of Belarus and the Russian Federation in Moscow on November 22.

Speakers at the session, when discussing the item concerning the expansion of the use of the Russian rouble, pointed out that, according to balance-of-payments data for the January-September period of the current year, the share of the use of the Russian currency in settlements between the two countries had been about 56 percent of the entire amount bilateral trade turnover.

Source:

http://www.itar-tass.com/eng/level2.html?NewsID=13307376&PageNum=0

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