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Keyword: regionalcurrency

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  • Vladimir Putin calls for 'Eurasia' currency union

    03/24/2015 5:42:51 AM PDT · by mykroar · 4 replies
    The Telegraph ^ | 3/20/2015 | Reuters
    Vladimir Putin proposed on Friday creating a regional currency union with Belarus and Kazakhstan, Russia's partners in a political and economic union made up of former Soviet republics. Mr Putin made his proposal at a meeting with the Belarussian and Kazakh presidents which highlighted the challenges facing the Russian-led Eurasian Economic Union following the fall in global oil prices and the decline of the Russian rouble. "The time has come to start thinking about forming a currency union," Mr Putin said after the talks in the Kazakh capital Astana with Belarussian President Alexander Lukashenko and Kazakh President Nursultan Nazarbayev.He gave...