Medvedev urges SCO nations to use their national currencies
Russian President Dmitry Medvedev sees it as expedient for SCO nations to more energetically use their national currencies in payments between them and to eventually switch over to a supra-national payment instruments.
As he addressed the Shanghai Cooperation Organization summit in Yekaterinburg, in the Urals, on Tuesday, Medvedev said one of Russian foreign policy priorities was the promotion of multi-field cooperation in the SCO framework.
Russia suggested calling in the framework of the Organization a special expert meeting involving financial agencies, officials of the SCO business council and the inter-bank alliance, the Russian leader said.
The idea, Medvedev said, is consonant with the proposals by China, Kazakhstan and some other countries for holding meetings involving the Finance Ministers and Chairmen of national central banks.
The Shanghai Cooperation Organization comprises Russia, China, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan. India, Pakistan, Mongolia and Iran have an observer-nation status.
The original source of this article is Voice of Russia
Disclaimer: The contents of this article are of sole responsibility of the author(s). The Centre for Research on Globalization will not be responsible for any inaccurate or incorrect statement in this article. The Centre of Research on Globalization grants permission to cross-post Global Research articles on community internet sites as long the source and copyright are acknowledged together with a hyperlink to the original Global Research article. For publication of Global Research articles in print or other forms including commercial internet sites, contact: [email protected]
www.globalresearch.ca contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available to our readers under the provisions of "fair use" in an effort to advance a better understanding of political, economic and social issues. The material on this site is distributed without profit to those who have expressed a prior interest in receiving it for research and educational purposes. If you wish to use copyrighted material for purposes other than "fair use" you must request permission from the
copyright owner.
