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Lukashenko encourages SCO to take steps to reduce dependence on U.S. dollars

ASTANA, 4 July (BelTA) – Creating a mechanism for bilateral payments in national currencies should be a priority. Belarus President Aleksandr Lukashenko made the statement during the SCO+ meeting in Astana, Kazakhstan on 4 July, BelTA has learned. It was one of the steps the head of state suggested towards creating Greater Eurasia.

Aleksandr Lukashenko suggested stepping up practical interaction across the entire complex agenda of the Shanghai Cooperation Organization. He suggested starting with finance.

“As a priority matter Belarus sees the creation of a mechanism for bilateral payments using national currencies and the creation of a collective financial institution of the Shanghai Cooperation Organization,” he stated.

The president noted that Shanghai Cooperation Organization countries account for a considerable share of the world’s population and the world’s GDP. “Only our organization includes two most powerful leaders – China and the Russian Federation. And we keep trembling around U.S. dollars. Well, let’s finally take certain steps in order to reduce dependence on the dollars. And you will see how those, who wave around the dollar club, understand that things can no longer continue like that. We see all of it but we don’t take action. While people are waiting,” the Belarusian leader noted.

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