SCO financial leaders agree to strengthen co-op

ALMATY. December 11. KAZINFORM The Shanghai Cooperation Organization's finance ministers and central bank chiefs said Friday that they believe the global recession is showing signs of ending, Kazinform refers to Xinhua.
None
None

But they said in a joint statement after their meeting that conflicts and uncertainty could jeopardize the recovery and it would be necessary for financial institutions to strengthen their cooperation to mitigate the negative impacts of the crisis.

        The finance ministers and bank governors also discussed the monetary policies of various member states, and the possibility of using their own currencies in multi-lateral trade in the future, said Kazakh National Bank chairman Grigoriy Marchenko.

    Marchenko said the Kazakh National Bank has both the capability and the money to keep its currency stable, Kazinform cites Xinhua. See www.chinaview.cn for full version.

Currently reading