Posted on 01/28/2006 12:34:32 AM PST by jb6
KAZAN, January 27 (Itar-Tass) -- The Union of Russia and Belarus will have a common currency starting from January 1, 2008, representatives of the Interbank Currency Council said on Friday. They were received by Tatarstan President Mintimer Shaimiyev.
The agreement signed in 2000 says that the Russian ruble shall become the legal tender in Belarus starting from January 1, 2005, and the Union will have a common currency starting from January 1, 2008, Belarussian Central Bank Chairman Pyotr Prokopovich said.
Equal terms in the economic and customs affairs are still to be ensured, so the two governments and banks have drafted a common action plan, he said. Thirty important measures will be taken in the Belarussian banking sphere this year alone.
We have discussed issues, which will promote the unification of the credit and monetary policy. We have defined principles, approaches, instruments and mechanisms, which will quickly level terms. Our clients should enjoy equal terms by the time the currency is endorsed, Russian Central Bank head Sergei Ignatyev said.
ping
A dream that probably won't last long...
If both the ruble being legal tender, and then ruble being official tender work out a full on reunion could be in the offing.
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