Iran suggests SCO nations consider adopting a common currency

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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