EN
14 August 2002 - 17:20 AMT

RAILWAY DEPARTMENTS OF CIS AND BALTIC COUNTRIES TO TURN TO JOINT CURRENCY FOR MUTUAL PAYMENTS

The sitting of the working group of the Tariff Committee of railway departments of the CIS and Baltic countries will be held in Batumi in September. The meeting participants will discuss the opportunities of turning to a joint currency for payments between the railway departments of these countries. The urgency of the question is conditioned by the fact that the European countries have already put into operation their joint currency – euro in this, as well as other spheres, while the payments between the railway departments are still being conducted in Swiss francs.