Harmonized monetary policy in the countries of the Eurasian Economic Union (EAEU)

Today’s Eurasian integration and Eurasian Economic Union (EEU) are dynamically developing trends in the former soviet territory. It is evidenced by the enormous number of interested countries, which partnership with EEU is resulted in creation of free trade areas as well as in their wish to have the status of observing member. At this day, the well-developed matter is the integration policy in the area of tax-and-budget regulation, the emphasis of which is laid on custom regulations - in particular, on reduction of confiscations, barriers and limitations. As a result, we have properly harmonized and institutionalized legislation in the area of tax-and-budget regulation, including the taxation rules; however, money-and-credit policy is not harmonized enough. It is explained by the character of tasks set forth for the central banks of participating countries; their today’s main goal is targeting of inflation level. As a result, we have been facing with insufficient support of export of countries, when it is aimed at mutual trade in the frames of EEU.

economic integration, agreed Monetary Policy, Eurasian Economic Union (EAEU)