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

29.03.2018

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…
30.03.2018
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

Category:
Club Events
Cuba without Castro Brothers: What to Wait for?
20.04.2018
On April 19, 2018, the National Assembly of the People’s Power of Cuba appointed Miguel Díaz-Canel as Chairman of the State Council. He replaced Raúl Castro, brother of Fidel Castro, the country’s

Expert: 
Vladimir Sudarev

Category:
Expert Opinions
Turkey’s Syria Policy: Leave Well Alone
20.04.2018
Despite Turkey’s military and political achievements in the Astana process in cooperation with Russia and Iran, Ankara’s stance on the recent Western military operation against Damascus was highly

Expert: 
Ferit Temur

Category:
Expert Opinions