China urges increased use of national currencies   ...News

Members of the Shanghai Cooperation Organization (SCO) should also focus on developing sovereign digital currencies, President Xi Jinping has said Chinese President Xi Jinping has called for an increase in the use of national currencies in trade between members of the Shanghai Cooperation Organization (SCO). Speaking at an SCO summit on Tuesday via videolink from Beijing, the Chinese leader pointed to a variety of financial instruments that members should focus on to expand mutual economic ties.  “It is necessary to ramp up cooperation in sovereign digital currency and work on the establishment of an SCO developme

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