SCO Nations Accelerate Shift from Dollar in Push for Local Currency Trade
The Shanghai Cooperation Organization (SCO) is accelerating efforts to replace the U.S. dollar with national currencies for cross-border trade.
SCO members, including major Asian and Eurasian countries like China, India, and Russia, have developed a coordinated roadmap to enable this transition, with financial experts from member states actively collaborating.
The SCO plans to announce practical steps by late 2025, joining other groups like BRICS and ASEAN in pushing global de-dollarization to enhance financial independence and regional economic integration.
Clever Robot News Desk 27th May 2025
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