Central Banking

Russia-Belarus to have common currency from 2008

Russia and Belarus will have a common currency starting from 1 January 2008, representatives of the Interbank Currency Council said on Friday.

"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 governmen

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