During the meeting of the consultative council on monetary policy of the central banks of the EAEU member states, the current economic situation and the implementation of monetary policy in the EAEU countries were discussed. Particular attention was paid to exchanging experience in combating fraudulent operations, as well as to studying issues of the use and regulation of virtual assets and digital currencies.

Ensuring stability and countering threats

During the meeting, the head of the National Bank of Kyrgyzstan, Almaz Baketaev, presented an assessment of the economic situation in Kyrgyzstan and provided information on monetary policy measures aimed at maintaining price stability.

In addition, the NBKR presented information on the work being done to counter cyber threats and unauthorized payment operations, as well as on the implementation of the digital som project and the regulation of virtual assets.

Meeting participants

The meeting was attended by the heads of the Central Bank of Armenia, the National Bank of Belarus, the National Bank of Kazakhstan, the National Bank of Kyrgyzstan and the Central Bank of Russia.

Meeting participants also discussed issues related to the prospects for introducing digital currencies.