Issue on SCO mutual settlements in national currencies to be considered till yearend
11:09, 14 October 2009
ASTANA. October 14. KAZINFORM. At today's sitting of the SCO Prime Minister's Council in Beijing the heads of the governments of the SCO member states have made a decision on the proposal of Kazakh Prime Minister Karim Massimov to hold a session of the finance ministers and chairmen of central banks on the issues of joint reformation of the world financial system with account of G20 summit decisions and countering world crisis in Almaty till the yearend; the Kazakh PM's press service told Kazinform.
The issue of using national currencies in settlements between the SCO states will be considered at the sitting as well.
Therefore the ideas of Kazakh President Nursultan Nazarbayev set forth in his articles "Key to Crisis" and "Fifth Way" are practically fulfilled in the decisions of the Council. The governments charged the ministers of finance and management of central banks to solve all those issues at the oncoming meeting in Almaty.