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Waiving establishment of supranational account unit within EurAsEC dangerous for sovereignty of Community: Kazakh President

ASTANA. March 11. KAZINFORM /Aigul Tulekbayeva/ ?Waiving the establishment of supranational unit of account within the EurAsEC fraught with loss of economic sovereignty of the Community member countries?, Kazakh President Nursultan Nazarbayev has said today at the II Economic Forum in Astana.
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?Its exchange rate should not depend on world currencies fluctuations?, the Kazakh President said. According to N.Nazarbayev, the unit of account should provide cashless transactions between state entities, legal bodies and individuals, both within and between countries of the Eurasian Economic Community. ? It should be emitted on behalf of the EurAsEC member countries and the world community?, the Head of the State noted. ?It is necessary to establish the working group on discussion of particular issues of the elaboration, establishment and development of the monetary-financial unification. We are ready to receive such group in Kazakhstan and create all necessary conditions for its work?, N.Nazarbayev noted. "Rejection of this idea in the world financial crisis is fraught with loss of as minimum economic sovereignty of countries. Only integrated efforts can significantly reduce the destructive pressing of the global crisis on the economy of EurAsEC member countries, overcome it and build up new reality. Only this approach will provide sustainable strategic development of science, education and culture of all EurAsEC member countries?, the President said.
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