Trading without fear is impossible, but fear can be reduced. It will happen if you trust your counterparties, if you are certain that the funds will arrive on time, and if you know you will not lose money on the exchange rates fluctuation. It makes sense to develop trade in national currencies. <...> It is necessary to create mutual interest and stability for national economies and systems of partners trading with each other. This implies long-term partnerships. Changing the financial system does not take a day or even a decade. <...> Creation of strong independent exchanges will allow to determine pricing and increase mutual trust among trading partners. Then there is development of financial institutions. Then there is export-import crediting for purchase of capital goods, related to project financing, and so on — Konstantin Polunin, Partner, Associate Director, Head of Business Development for Public Sector Practice Area in Russia, BCG.
Challenges that make us stronger make us work harder and better — Azer Talibov, Chairman of the Board, Eximbank of Russia.
The key is the client's opinion: how it is convenient for them to trade. If they want to protect themselves from currency fluctuations and currency risks, it would be more appropriate for them to sell contracts in national currencies as well — Daniil Algulyan, Deputy Chairman – Member of the Management Board, VEB.RF.
We should encourage trade in national currencies. <...> Perhaps, digital baskets of national currency will soon be offered — Kairat Kelimbetov, Manager of the ‘Astana’ International Financial Centre.
We will form a common market, and settlements in national currency will dominate that space — Nikolai Podguzov, Chairman of the Management Board, Eurasian Development Bank.