The Russia State Duma budget committee on Feb 9, 2001 decided to recommend that the lower house of parliament ratify the agreement between Russia and Belarus on the introduction of a single currency and on setting up a single monetary emissions center for their union. Under the agreement, the Russian ruble would be used as the common currency as of January 1, 2005. On January 1, 2008, "a single currency will be introduced for the union based on an agreement between the Russian Federation and
To continue reading...
Start a Trial
Register for a Central Banking trial to access this article. Sign up today and get access to: