Valdai Paper #83: De-Dollarization in the EAEU Member States: Key Trends and Prospects


The emerging trend towards de-dollarization in the EAEU can make domestic monetary policy more efficient as well as facilitate economic integration in the Eurasian space.

A few unfavourable external shocks affected the EAEU countries in recent years led to institutional changes that facilitated de-dollarization in the EAEU member states. Each country applied its own set of tools to achieve the goal, including a more flexible exchange rate and measures against inflation which assumed to be the most efficient one.

This is the dollarization that makes it difficult to harmonize member states’ monetary policies, making them vulnerable to external pressure and adverse market conditions and casting doubt on the implementation of macroeconomic development of the countries essential for further integration.

How to reinforce the emerging trend? What could be the most efficient policy for EAEU countries to achieve the integration goals?

Related articles

US Dollar to Remain Key Reserve Currency in Eurasia Absent Economic…
The Eurasian Economic Union countries face the acute problem of dependence on the US dollar. It is obvious that in conditions of trade wars and sanctions it is necessary to get out of the “dollar

Club Events
Photo Gallery: Geopolitics in a New Way: The Global Role of China and India and…
On June 19, 2018, the Valdai Discussion Club held an expert discussion, titled "Geopolitics in a New Way: The Global Role of China and India and Interests of Russia", with participation of

Not to Disappear One by One
Vladimir Putin’s visit to China and the simultaneous G7 summit in Canada created an unprecedentedly hard background for comparison. The US president’s public denunciation of his Western allies and his

Expert Opinions