• Friday, April 26, 2019

One common currency for SCO

Discussion in 'World Affairs' started by rickshaw driver, May 22, 2011.

  1. rickshaw driver

    rickshaw driver BANNED

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    is it possible Pakistan,China,Russia,Afghanistan and Tajikistan can have one common curreny?Get rid of dollar....we indians can also benefit from that and increase our GDP
     
  2. ephone

    ephone SENIOR MEMBER

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    That is unlikely since that will give China significant control over monetary policy considering China economy is so much bigger.

    I think U.K. also had similar concern so that it refused to join the EU currency. It is afraid it will be sidelined by Germany and France.
     
  3. Pak_Sher

    Pak_Sher SENIOR MEMBER

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    Would be good to further analyze the common curreny proposal. It may turn out to great.
     
  4. Jade

    Jade SENIOR MEMBER

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    Pakistan's and Afghanistan's economy being very weak, China would not like itself to be included in a common market with Pakistan or Afghanistan, least it affects the stability of Chinese economy.
     
  5. CardSharp

    CardSharp ELITE MEMBER

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    Considering how "great" the Euro common currency is doing this is a "great" idea.
     
  6. Zaki

    Zaki MODERATOR

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    poor idea, its not going to work

    such economic system can only work among the rich nations who are very much comparable to each other. SCO nations are poor and will not be able to take care of each other
     
  7. CardSharp

    CardSharp ELITE MEMBER

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    One reason out of many why it's a bad idea.
     
  8. siegecrossbow

    siegecrossbow PDF THINK TANK: ANALYST

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    You can technically start by not trading with the dollar.