World’s Largest Regional Organization to Switch to Settlements in National Currencies

World’s Largest Regional Organization to Switch to Settlements in National CurrenciesA China-led regional organization that covers more than half of Eurasia intends to transition to settlements in the currencies of its members. While the plan is to abandon the U.S. dollar in mutual payments, participating nations are yet to consider a common currency. Shanghai Cooperation Organization to Abandon Dollar in Favor of National Currencies The […]

Go to Source

Powered by WPeMatico