Iran’s acting President Mohammad Mokhber has suggested that the introduction of single currency of the SCO (Shanghai Cooperation Organization) based on groundbreaking technologies be seriously discussed, APA reports citing TASS.
"Beefing up economic cooperation between members may become one of major steps aimed at strengthening the SCO’ role globally and in the region. This includes expansion of the use of national currencies or [the creation] of common currency based on groundbreaking technologies, which is of the utmost interest and a serious cause for discussion," he said at a meeting in the ‘SCO plus’ format.
Tehran views the SCO as a major instrument for increasing the factor of multilateralization in the region and it is committed to expansion of agreements for "strengthening the strategic regional cooperation with the SCO’s central role," Mokhber said. "Political and geographic changes that occurred over the past decades, have raised the importance of developing transport routes and fortifying cooperation on transit issues. One of major routes of this scale is the North-South transit corridor, whose activization is number one on our agenda," the Iranian politician said, adding that the use of the North-South corridor "may serve the goals of developing trade exchanges and lowering the cost and time of delivery of goods both for the sending and for the receiving side."
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