2025-10-28T22:26:29+00:00
font
Enable Reading Mode
A-
A
A+
Shafaq News – Tehran
Iranian President Masoud
Pezeshkian proposed on Tuesday the creation of a unified regional currency
among member states of the Economic Cooperation Organization (ECO) to
strengthen trade exchanges within the bloc, according to Iranian media reports.
During a meeting in Tehran with
Tajikistan’s Interior Minister, Pezeshkian stated a common currency could
“enhance economic development” in the region, emphasizing that shared religious
and cultural ties among member countries could help create favorable conditions
for cooperation and remove existing barriers.
ECO was established in 1985
through an initiative by Iran, Pakistan, and Turkiye to promote regional trade.
It now includes ten member states, among them five from Central Asia —
Tajikistan, Kyrgyzstan, Uzbekistan, Kazakhstan, and Turkmenistan — as well as
Azerbaijan and Afghanistan. Together, the group represents a population of more
than 550 million people.
Iran remains under extensive
international sanctions, particularly those imposed by the United States over
its nuclear program. These restrictions have severely limited Tehran’s
financial and trade relations with much of the world, weakening the Iranian
rial and driving persistent inflation across the country.