• Thu. Jul 4th, 2024

Iran suggests SCO nations consider adopting a common currency

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Jul 4, 2024

During the Shanghai Cooperation Organization summit in Astana, Acting President of the Islamic Republic of Iran Mohammad Mokhber suggested that SCO countries should consider discussing the implementation of a single currency. He emphasized that strengthening economic cooperation among member states is crucial for the SCO to play a more significant role in the world and region. Mokhber highlighted the importance of expanding the use of national currencies or creating a common currency to achieve this goal.

He also stressed the significance of the SCO in promoting regional multilateralism, pointing to initiatives like the North-South transit corridor as key priorities for the association. Mokhber’s proposals aim to enhance economic collaboration and cooperation within the SCO to bolster its influence and effectiveness in global affairs.

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