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Russian ruble not to be introduced in Belarus on January 1, 2006 11:31, 07/09/2005
The Russian ruble will not be introduced in Belarus on January 1, 2006, prime minister of Russia Mikhail Fradkov has told a briefing tonight after the sitting of the Union State Council of Minister. In his words, it is impossible to prepare introduction of the single currency within next few months.
He also noted ‘we continue cooperation in the area. We have a joint action plan of the government and the National Banks of Belarus and Russia’. He also said that issues on setting up an emission center, leveling economic conditions needed for making the single currency an efficient instrument for raising competitiveness within the Single Economic Space are under consideration now.
In turn, prime minister of Belarus Sergei Sidorskiy said that ‘introduction of the single currency in the Union State is not an aim in itself but a result of implementation of the whole set of economic measures which will give equal rights to our economic entities’.
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