The share of settlements in national currencies will grow in the SCO — CERR expert
Regarding reasons why Iran may be interested in creating an alternative system of international settlements and how profitable it is for the SCO member countries to switch to settlements in national currencies — in the material of the CERR expert Yuri Kutbitdinov.
At the SCO summit, the Iranian President proposed to expand cooperation in the financial and banking spheres. In particular, this implies the expansion of the use of national currencies in trading operations. Despite the fact that this initiative may be beneficial for many participating countries, there is no immediate transition to settlements in national currencies within the organization in the... ...
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