On March 11-12, 2021, the International Economic Forum of the CIS member States "CIS-30 Years" was held in Moscow at the Congress Center of the World Trade Center, organized by the CIS Executive Committee and the CIS Business Center for Economic Development. The Interstate Bank became a partner of the Forum.
The President of the Interstate Bank N. Gavrilov took part in the Forum and spoke at its plenary session.
In his speech, N. Gavrilov highlighted the development of the financial markets of the Commonwealth in retrospect, as well as the state and potential for the development of settlements in the CIS national currencies. He urged to think about mechanisms that could stimulate the development of such settlements.
N. Gavrilov presented the Interstate Bank, which, due to its status as an international organization founded by the CIS countries, and the specifics of its activities, can provide effective settlements in national currencies between participants in the foreign economic activity of the CIS countries. The Bank systematically develops operations with national currencies.
"At the present stage, the Interstate Bank is ready to act as a settlement center, a payment gateway, taking into account the existing payment systems in the CIS countries," N. Gavrilov said. The role of the Interstate Bank as a gateway for settlements is especially important given the existence of crisis phenomena in the global economy, as well as emerging international restrictions.
For reference. The Interstate Bank has direct access to the payment systems of the central (national) banks of the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, and the Republic of Tajikistan. The focus of banking activities is aimed at transactions with the national currencies of the CIS countries.