Russia wants to ditch US dollar in favor of national currencies trade between SCO countries ...News

Switching from the US dollar to trade in national currencies is one of the most prospective areas of cooperation for the Shanghai Cooperation Organization (SCO), according to Russian Prime Minister Mikhail Mishustin. Speaking at an SCO meeting on Monday, Mishustin said the “development of alternative, dollar-independent settlements” is an important issue. “We consider it promising to expand the practice of mutual settlements in national currencies,” he stated. The PM stressed that the members of the organization should work on a coordinated approach on the matter and further discuss the funding mechanism for SCO projects. 

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