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SCO countries want to increase share of national currencies in mutual settlements

Finance Materials 17 June 2019 09:08 (UTC +04:00)

Baku, Azerbaijan, June 17

Trend:

According to the declaration on the results of the summit in Bishkek, the countries of the Shanghai Cooperation Organisation (SCO) continue to prepare the Road map to increase the share of national currencies in mutual settlements, Trend reports with reference to Kremlin.ru website.

The SCO summit held in Bishkek was attended by the heads of all participating countries: Russia, Kyrgyzstan, China, Kazakhstan, Tajikistan, Uzbekistan, India and Pakistan. Delegations from the observer countries including Belarus, Afghanistan, Mongolia and Iran also participated in the event. Following the summit, 22 documents were signed. Among them are the Bishkek Declaration, which reflects the agreed approaches to the further development of the SCO activities, and the Road map for resolving the situation in Afghanistan.

As reported, the member states noted the ongoing work for creation of the Development Fund (Special Account) of SCO and the SCO Development Bank and called for continued relevant consultations. it was emphasized that it is important to expand the practice of using national currencies in mutual settlements between the SCO member states.

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