EAEU Currency Union and De-dollarization | WHAT REALLY HAPPENED

EAEU Currency Union and De-dollarization

A currency union has become the logical conclusion of establishing a single integrated union of Russia, Kazakhstan and Belarus within the Eurasian Economic Union (EAEU). It will move the Eurasian economy to a new level. The single currency, that will possibly be called altyn, will become the basis for the formation of a single market and perhaps even a single economy.

The Russian president Vladimir Putin came up with the proposal of creating the currency union during a working visit to Astana. The Russian leader believes that introduction of the new currency in the next year will help protect the economy of the EAEU.

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