Belarus, Russia discussing single currency roadmap, People’s Anti-Crisis Administration says

Belarus and Russia have resumed discussing the single currency roadmap, the People’s Anti-Crisis Administration (PACA) reports with reference to its own sources in the country’s National Bank.

According to the source, the sides are working on the subject ‘at rapid pace’. It is unclear whether emission centres will be established in the both countries or whether Belarus’ financial system will depend entirely on Russia.

In its statement, PACA, an association working in exile and striving for changes in Belarus, notes that pivotal issues of such kind must be put to a referendum. Alyaksandr Lukashenka’s opponents would like the Russian side to remember that any agreements with the regime have no legal force starting 5 November 2020, i.e. the actual end of Lukashenka’s fifth presidential term.

In turn, when reached by news agency Interfax, a representative of the National Bank of Belarus called the informationa provided by PACA ‘another fake that has nothing to do with reality’.

On February 1, Russia’s Security Council Deputy Chairman Dmitry Medvedev stated that there was no alternative to the integration movement within the Union State the potential of which had not yet been used’. In his view, Belarus and Russia should work on merging the two economies into one, including the introduction of the single currency. But in order to make it possible, the situation in Belarus must be normalised, the politician stressed.

Deepening integration on agenda again? Belarus, Russia resume discussing roadmaps