The creation of a unified payment system within the Shanghai Cooperation Organization is being discussed in an informal format, the organization's Secretary General Zhang Ming said.
According to him, work is currently underway to increase the share of national currencies in mutual settlements, as well as on the transition to free movement of goods, technologies and services throughout the SCO space.
"In 2022, the Samarkand Summit was successfully held, at which the concept of increasing the share of settlements in national currencies was adopted. There is also a special working group with the participation of representatives of Central Banks and Ministries of Finance of states. Work on this line is actively progressing. As for non-governmental institutions, our SCO interbank association is also dealing with this issue. Of course, this is not an easy task. Now we are facing a number of difficulties, and more work needs to be done on political coordination. I am convinced that work in this direction will continue to move forward," Channel Five quoted the SCO Secretary General as saying.
One of the main tasks of the organization now is to create a more rational and just world order, said Zhang Ming.
Media: Hungary will not receive the EU funding promised to it before the elections
The largest metallurgical plant in Ukraine has stopped production
As in the Gulf countries: Russia urged to change the philosophy of attracting migrants
Cult Soviet tragicomedy will be reshot 40 years after its release
Ukraine has been "pushing Russia aside" for the fifth year, Stoltenberg is sure
Poland has found a much more serious problem than Russia
The roundup of "accomplices of the special services of Ukraine" was carried out by the FSB in eight regions of Russia at once