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Cryptopolitan
2023-04-28 22:57:22

Shanghai Cooperation Organization shifts from US dollar dominance to member currencies

Shanghai Cooperation Organization shifts from US dollar dominance to member currencies

The Shanghai Cooperation Organization (SCO) plans to abandon the US dollar in favor of member countries’ national currencies for mutual payments. In an interview with Belarus 1 state TV channel, Grigory Logvinov, the bloc’s Deputy Secretary General, stated that a roadmap for this transition is under development. Logvinov emphasized that the process is “serious and … Shanghai Cooperation Organization shifts from US dollar dominance to member currencies Read More »

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