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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

Related posts:

  1. Saudi Arabia Strengthens Bond With China by Joining SCO Bloc as Dialogue Partner
  2. Push to Use National Currencies in SCO Cannot Be Stopped, Russia’s Lavrov Says
  3. ‘Really Stupid and a Huge Mistake:’ Putin Blasts US Actions Blocking Payments to China; Exporters Turn to Small Banks and Crypto
  4. Putin on Dedollarization: 80% of Russia-China Trade in Rubles and Yuan
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