Kazakhstan’s Tokayev proposes increased share of national currencies within SCO

NUR-SULTAN, Kazakhstan- Kazakhstan’s President Kassym-Jomart Tokayev, speaking on November 10 at a meeting of the Council of Heads of State – members of the Shanghai Cooperation Organization, proposed to adopt a Roadmap for a gradual increase in the share of national currencies in mutual settlements within the SCO.

“The strengthening of protectionism and the rupture of international supply chains are pushing us to unlock the economic potential of the SCO. The Roadmap for a gradual increase in the share of national currencies in mutual settlements, as well as the creation of a Eurasian financial advisory mechanism, can give a good impetus,” Tokayev said.

The meeting of the Council of Heads of State – members of the Shanghai Cooperation Organization chaired by Russian President Vladimir Putin was held by videoconference

The Shanghai Cooperation Organization (SCO) is a regional international association that includes Russia, China, India, Kazakhstan, Kyrgyzstan, Pakistan, Tajikistan, Uzbekistan. Observers in the organization – Belarus, Mongolia, Iran, Afghanistan.

Armenia, Azerbaijan, Cambodia, Nepal, Turkey and Sri Lanka have the status of SCO dialogue partners.

This summit completes Russia’s chairmanship of the SCO in 2019-2020. The jubilee, twentieth summit of the Shanghai Cooperation Organization is planned to be held on September 16-17 in Dushanbe. In 2021, the chairmanship of the SCO will pass from Russia to Tajikistan.

According to the President of Tajikistan Emomali Rahmon, in the framework of its chairmanship, Tajikistan intends to make the necessary efforts to strengthen the international positions of the SCO: to hold high-level joint events between the SCO and the UN.

 


News by NewEurope

Enter your email address:

We will be happy to hear your thoughts

Leave a reply

IndiaClicking - Buzzing News & Stocks