DUSHANBE, March 11, 2010, Asia-Plus — Introduction of a common currency for the CIS area is impossible, Tajik political scientist Parviz Mullojonov said in an interview with Asia-Plus.
“To create the common currency area in the CIS, its member nations should have more or less equal economic development level, while levels of economic development of the CIS countries differ significantly,” Mullojonov noted.
According to him, the countries with poor economies will be too dependent on the nations with more advanced economies and “the introduction of the common currency in the European area is confirmation of this.”
He noted that most of economists believed that budgetary problems of the countries of Euro-zone, including Greece and Portugal, were creating increasing risks for economy. “Finally, of course not this year and not in the coming two years, we can see the collapse of the currency union,” Mullojonov said.
“I think the majority of the CIS countries do not think about the introduction of the common currency because they do not want problems like those that have arisen in Europe,” the expert said, noting that statements by some CIS politicians about the introduction of the common currency do not correspondent to the realities.
