The Possible impacts of a mutual currency on SCO’s economic zone


  • (1)  Mohammad Soltanian            MA student- Indian studies- University of Tehran  
            Iran, Islamic Republic of

  • (2)  Dr. Hadi Dolatabadi            Assistant professor-French Studies-Faculty of World Studies-University of Tehran  
            Iran, Islamic Republic of

    (*) Corresponding Author

DOI:

https://doi.org/10.47494/mesb.v3i.20

Keywords:

Regional organizations, SCO’s free trade zone, laissez faire policy, Fixed exchange rate, floating exchange rate

Abstract

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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Published

2020-09-15

How to Cite

Soltanian, M., & Dolatabadi, H. (2020). The Possible impacts of a mutual currency on SCO’s economic zone. Middle European Scientific Bulletin, 3, 17-22. https://doi.org/10.47494/mesb.v3i.20

Issue

Section

Social Sciences