Imran Khan says no to Dollar at SCO

[TheRealKing]

–PM urges SCO to finalise arrangements for trade in local currencies, set up SCO bank


–Says SCO needs to advance goals of peaceful co-existence at regional, global level


BISHKEK: Prime Minister Imran Khan on Friday urged the member states of the Shanghai Cooperation Organisation (SCO) to finalise arrangements for trade in local currencies and set up SCO Fund and SCO Development Bank to catalyse the trans-regional development agenda.


He was presenting his eight-pronged course of action for SCO in the light chaotic international politics at the 19th meeting of SCO Council of Heads of State in Bishkek, Kyrgyzstan on Friday.


The prime minister said the SCO should reinforce its vision of cooperation, that rejects confrontation, and advance the imperatives of peaceful co-existence at the regional and international levels.


He said the SCO member states should galvanise the “Shanghai Spirit” to strengthen the organisation’s core mandate of mitigating the risks of conflict, fostering confidence, and promoting stability.


He said the member states need to synergise the various region-wide connectivity initiatives and work on complementing infrastructure connectivity with soft connectivity.


He proposed setting up SCO culture and tourism corridors, clustering multiple SCO destinations into a single package.


Imran emphasised on making the SCO more relevant to the daily lives of citizens by promoting food security and enhancing cooperation in health and humanitarian sectors. He said SCO should take the lead role in establishing a comprehensive framework for combating corruption and white-collar crime.



https://www.pakistantoday.com.pk/2019/06/14/imran-says-no-to-dollar-at-sco/

 

[shafali]

Imran Khan standing up to the tyrant USA to save his country. What an amazing guy.

 

[BrotherKantu]

May be a fake news.

 

[BrotherKantu]

Imran Khan standing up to the tyrant USA to save his country. What an amazing guy.

It may be a FAKE NEWS. No one says any thing like this "openly" including China and Russia.




.

 

[ranaji]

If it is true then it's a GREAT DECISION ,Say no to USD

 

[shafali]

It may be a FAKE NEWS. No one says any thing like this "openly" including China and Russia.




.

I am pretty sure I heard it in his speech too. I'll check again.

 

[shafali]

I am pretty sure I heard it in his speech too. I'll check again.

Watch point 3 of his 8 points (start at 6mins 50ssec)

 

[shafali]

It may be a FAKE NEWS. No one says any thing like this "openly" including China and Russia.




.

Watch point 3 of his 8 points, starting at 6 mins 50 secs)

 

[BrotherKantu]

Watch point 3 of his 8 points, starting at 6 mins 50 secs)

That's what I said, No one clearly says they want to eliminate dollar. IK said the same thing
"finalize arrangements for trade in local currencies"



number three
finalize
arrangements for trade in local
currencies and set up SEO fund and SEO
Development Bank to catalyze the trance
regional development agenda

number four
synergize the various region-wide
connectivity initiatives and work on
complimenting infrastructure
connectivity with soft connectivity
including digital cultural touristic
academic I proposed setting up SEO
culture and tourism corridor clustering
multiple SEO destinations into a single
package

number five
making SEO more
relevant to the daily lives of citizens
by promoting food security and enhancing
cooperation in health and humanitarian
sectors

number six
take the lead in
establishing a comprehensive framework
for combating corruption and
white-collar crime to prevent billions
of dollars annually money laundered from
developing world onto offshore accounts

number seven
prioritize women and youth
empowerment by focusing on strengthening
the women Forum and the Youth Council
and mandating them to promote gender
mainstreaming skills acquisition and job
mobility and lastly

number eight
bridge
the gap between regions specific
research and policy by launching
feasibilities for creating SEO centers
of excellence on poverty on Poverty

 

[abidbutt]

May be a fake news.

NO IT IS NOT FAKE SIR

 

[Zaidi Qasim]

Jahil Poties Jumping on Bongi khan's shit as flies . If you guys have any brain , you could have just looked at Iranian situation and see how they are doing without USD trade . It is becoming even harder for willing European countries to do business with Iranian using old barter system . Chotians are acting like they freaking are the world super power. Get rid of MF IMF you buffoons first, before taking about abandoning the Dollar.

 

[Citizen X]

It may be a FAKE NEWS. No one says any thing like this "openly" including China and Russia.




.

Not only is China and Russia saying it, they are actually doing it, Since China is now the largest importer of Oil it has leverage and is already paying some of the countries it imports oil from in local currency.

 

[BrotherKantu]

Not only is China and Russia saying it, they are actually doing it, Since China is now the largest importer of Oil it has leverage and is already paying some of the countries it imports oil from in local currency.

They are not openly saying that they want to replace dollar as a global reserve currency. Currently only 2.04% of global trade is in Yuan. This percentage cannot threat the dollar dominance.


As a payment currency for merchandise trade, the yuan kept its position as the fifth most active currency by value in July, at 2.04 per cent of all transactions, according to data from global payments messaging system SWIFT. Overall, the value of yuan payments increased by 9.91 per cent compared with June 2018. The share of the top ranked US dollar was at 38.99 per cent of all transactions while the euro, in second place, was at 34.71 per cent.

Why the trade war is helping China achieve a long-term financial goal

US-China trade war is helping to boost use of yuan in international transactions

www.scmp.com

 

[Citizen X]

They are not openly saying that they want to replace dollar as a global reserve currency. Currently only 2.04% of global trade is in Yuan. This percentage cannot threat the dollar dominance.


As a payment currency for merchandise trade, the yuan kept its position as the fifth most active currency by value in July, at 2.04 per cent of all transactions, according to data from global payments messaging system SWIFT. Overall, the value of yuan payments increased by 9.91 per cent compared with June 2018. The share of the top ranked US dollar was at 38.99 per cent of all transactions while the euro, in second place, was at 34.71 per cent.

Why the trade war is helping China achieve a long-term financial goal

US-China trade war is helping to boost use of yuan in international transactions

www.scmp.com

They are not going to do it overnight as that would have global repercussions but slowly bringing it in over a period of time.