The Possible impacts of a mutual currency on SCO’s economic zone
DOI:
https://doi.org/10.47494/mesb.2020.3.20Keywords:
Regional organizations, SCO’s free trade zone, laissez faire policy, Fixed exchange rate, floating exchange rateAbstract
The Shanghai Co-operation Organization (SCO), with security related priorities, including fighting against separatism, terrorism, and extremism has great potentials to be an economic tycoon in the international atmosphere. Being the most populated organization that ever existed, SCO as a free economic zone could provide possibilities for its members to compete with other unions and organizations all over the world. To do so, emerging a mutual currency between members could play a key role in SCO’s rivalry with other players in the international markets. This paper is an endeavor to explain the challenges and opportunities for members by using SWOT analysis through both online and library sources to understand if moving into an economic zone, including a mutual currency could better off members and introduce the SCO as a unified monetary unit.
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