Within a short period of time, it is quite complex to shift to a common currency. Today, at the “Henaran” press club, talking about the process of creating a European common currency, the economist Vilen Khachatryan expresses an opinion. Recall that Russian President Vladimir Putin, recently, has instructed the Russian Central Bank to study the possibilities of shifting to the EaEU common currency. The economist remembered that three years ago another option was voiced called “azio”, saying that it would be a counterweight to the euro. Currently, the option called “altyn” is circulated. As to who eventually the common European currency will be called is difficult to predict. “There is an assignment by Putin, but the financial body with its functional system is not yet formed. At least three years is required for the countries to reach each other in terms of economic and trade integration and then shift to a common currency,” said the speaker noting that ten years required for the formation of the euro. “There are 27 countries in the euro zone, but when a new country is enrolled, it goes through numerous stages, there are also cases for rejections.”
Vilen Khachatryan believes that such issues should be resolved by the referendum, because the central banks of the countries also lose their function in terms of organizing monetary-loan policy. “Our country may face a pretty complex problem making a country that implements a duplicating economic policy,” says the economist. In his opinion, in case of the common currency, the country that has the power for printing acquires the largest function. It is not excluded that this power in this case is attributed to Kazakhstan, as this country’s money is one of the best protected. In this respect, he compared it with the US currency – the dollar, which, basically, has obtained many in advantages in today’s world.
Nelly GRIGORYAN
