Ahmadinejad (L) shakes hands with Russian President Medvedev (R) before Chinese President Hu Jintao (2nd R) and Kazakh President Nazarbayev (2nd L) Dushanbe, Aug 28
Iran has proposed that members of the Shanghai Cooperation Organization (SCO) should use their own currencies in trade with each other.
“Iran's suggestion is to use the currencies of the SCO states in transactions between members of the organization,” President Mahmoud Ahmadinejad said as he addressed the SCO summit in the Tajik capital, Dushanbe on Thursday.
“Such a measure will help maintain and strengthen the value of the foreign exchange reserves of member states. The organization can also devise a long term plan to study the feasibility of using a single currency in the future,” he added.