Uniting through Currency: SCO’s Acting President Proposes Single Currency for Economic Cooperation

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

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