“The first question that interests our African colleagues is how we will carry out mutual settlements,” Sargsyan said.
He said that the issue of settlements in national currencies is also being discussed within the African Union itself to facilitate trade between countries.
Sargsyan added that swap operations between central banks would be a good option because “they will allow avoiding the use of third currencies and correctly assessing our own currency risks”.
Earlier, the ministries of finance of Russia and Turkey signed an agreement on settlements and payments in national currencies.
RISI expert Mikhail Belyaev, Ph.D. in Economics, commented on the signing of this agreement in an interview with the FBA “Economics Today”.