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SCO's Economic Rise Signals Need for De-dollarization, New Order, Says Analyst

SCO's Economic Rise Signals Need for De-dollarization, New Order, Says Analyst

Sputnik Africa

SCO's Economic Rise Signals Need for De-dollarization, New Order, Says AnalystThe growing economic influence of the SCO highlights the necessity of a fairer... 01.09.2025, Sputnik Africa

2025-09-01T22:55+0200

2025-09-01T22:55+0200

2025-09-02T13:24+0200

sputnik africa

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SCO's Economic Rise Signals Need for De-dollarization, New Order, Says AnalystThe growing economic influence of the SCO highlights the necessity of a fairer global financial system, Laeed Zaghlami, an independent political analyst and professor at the University of Algiers, told Sputnik Africa. Zaghlami emphasized the importance of ending the dollar's monopoly and promoting trade in local currencies to encourage equitable growth."We have to put an end to the injustice. We have to stop the influence of IMF, of World Bank and other banking system institutions that have been maintaining the hegemony of Western economy," he stated, urging a shift towards a new economic order based on mutual understanding and cooperation.Subscribe to @sputnik_africa Sputnik Africa | X

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