SCO experts discuss further development of mutual payments in national currencies

Эксперты ШОС обсудили дальнейшие перспективы развития взаимных расчетов своих стран в национальных валютах

 

On 2 August 2021, SCO experts met for a second time to discuss the draft roadmap of the SCO member states for increasing the share of national currencies in mutual settlements (hereinafter the Roadmap).

The National Bank of the Republic of Kazakhstan chaired the meeting attended by representatives of national (central) banks, relevant ministries and also agencies from the SCO countries.

During the event, the participants discussed further measures to implement the initiative to develop mutual payments in national currencies and agree on the draft Roadmap. They also updated the group of experts that will continue working on the draft document. Work at the expert level will continue.

Reference: The draft Roadmap of the SCO member states for increasing the share of national currencies in mutual settlements is being worked out at Kazakhstan's initiative the country announced at the Qingdao summit in June 2018. The heads of state supported expanding the practice of using national currencies and increasing their share in mutual settlements between interested SCO member states. They deemed it expedient to continue working out measures towards this goal, including establishing a special expert group.