Agreement to set up integrated currency market signed at CIS summit

Agreement to set up integrated currency market signed at CIS summit

PanARMENIAN.Net - Heads of state signed various documents during a Commonwealth of Independent States summit on Wednesday, Dec 5 including an agreement to set up an integrated currency market for the CIS, Interfax reported.

"Its practical implementation would help us implement our commercial plans in national currencies, help banks of our countries to efficiently plan our work, and promote macroeconomic stability in the region," Kyiv Post quoted Russian President Vladimir Putin as saying said.

This step would promote more intensive integration efforts within the Customs Union and the Common Economic Space, Putin said.

"We will welcome all countries that express the desire to join these integration associations and that are ready for this," he said.

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President Serzh Sargsyan said earlier that the Armenian side lost some 800 hectares (around 8 square kilometers) in the course of 4-day.
The parties discussed the situation in the Karabakh conflict zone following the early April's 4-day war and the ways to overcome the consequences.
At the meeting, the parties addressed opportunities to overcome consequences of the 4-day violence in Karabakh in early April.
“There can be no success in negotiations if violence continues, and there can be no peace without a negotiation process,” the statement said.
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