Kyrgyzstan president says EEU may adopt single currency, admit new members

BISHKEK (TCA) — The member countries of the Eurasian Economic Union (EEU) — Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia — may in the future abandon border procedures on inner frontiers and adopt a single currency by analogy with the legislation of the European Union, Kyrgyzstan President Sooronbai Jeenbekov told Rossiya-24 television on December 3, Russia’s TASS news agency reported.

“I strongly believe in the future of the EEU, we have tremendous potentials. The EU has a single currency, and of course we will also come to this, but time is needed. We must introduce the best what the European Union has, we are not against this, but for this the business community must agree, we must work towards that,” the Kyrgyz president said in reply to the question about the future of the EEU.

“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 the services, no matter which — medical, educational, so that each national of each country could get the same conditions that the citizens of Belarus, Kyrgyzstan or Russia have,” he added.

In Jeenbekov’s words, the EEU member countries should work towards boosting competition with third countries. “The EEU countries can compete with other foreign nations. We must work in coordination in this issue,” Jeenbekov said. “I believe that in 2040, the economy of our countries will be the same as in the European Union, the US, Japan and in other leading nations,” he said.

The Kyrgyz president also said that the EEU should also develop through admitting new members. “Other countries can also join the EEU, we can expand, and we must work towards this as well,” he stressed.

Sergey Kwan

TCA

Sergey Kwan has worked for The Times of Central Asia as a journalist, translator and editor since its foundation in March 1999. Prior to this, from 1996-1997, he worked as a translator at The Kyrgyzstan Chronicle, and from 1997-1999, as a translator at The Central Asian Post.
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Kwan studied at the Bishkek Polytechnic Institute from 1990-1994, before completing his training in print journalism in Denmark.

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