Medvedev considers introducing a single currency in the Eurasian Union

[GenPol]

[quote]
Russian Prime Minister Dmitry Medvedev has suggested considering the introduction of a single currency in the Eurasian Economic Union that’s due to be set up by five CIS nations by January 1st, 2015.

Russian Prime Minister made his suggestion when addressing a business forum in St. Petersburg earlier today.

He feels that one should not grow concerned about the single currency right away; still time is ripe for giving a thought to the idea, given current global market instability.
[/quote]

[url]http://english.ruvr.ru/2012_06_15/78216657/[/url]
[url]http://www.charter97.org/en/news/2012/6/15/53826/[/url]

[EmperorScorpious]

Because it's working out very well for the EU :v:

[Coffee]

[QUOTE=Emperor Scorpious II;36347605]Because it's working out very well for the EU :v:[/QUOTE]

Ah but it doesn't work in the EU because different countries have different economies that don't scale well with the currency. Whereas the 5 CIS nations all have fairly similar economies, so the currency shouldn't have many issues in that field.