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Payments in National Currencies Surge to 92% Among SCO Members

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Payments in National Currencies Surge to 92% Among SCO Members
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Source: Bitcoin.com

Payments in national currencies among Shanghai Cooperation Organization (SCO) members have reportedly increased from 40% in 2022 to 92%, signaling a move away from reliance on the U.S. dollar. Similar to the BRICS economic bloc, the SCO, which includes Russia, China, India, and recently added Iran, is encouraging the use of local currencies to strengthen […]

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Author: Kevin Helms

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