The 51st session of the Asian Exchange Union has started
According to Iran EconomistIn this meeting, Jamil Ahmed, the head of the Central Bank of Pakistan, who was the chairman of the union, while handing over the chairmanship of the meeting to Mohammad Reza Farzin, said: The union can present new ideas and we hope to be able to use alternative currencies, and this action can improve the conditions. facilitate for exporters and importers.
He added: “In the current conditions of the global economy and the economic trend, it is time to make the role of the central banks of the region more active, and I am confident that we can have new initiatives in this field.”
At the beginning of the meeting, while welcoming the guests, Mohammad Reza Farzin said: In addition to the presence of all the member countries, four other guests from Russia, Belarus, Afghanistan and the IDB representative are also present in this meeting.
The meeting of the Asian Exchange Union is held periodically every year in one of the member countries. In this meeting, the performance report of the Asian Exchange Union in the given year will be informed by the secretary general of the union to the members of the board of directors of the union.
The main focus of this summit is dollarization and reducing dependence on dominated currencies; Also, the economic reports of the member countries are presented by the governors of the member central banks; Then, the members of the board of directors of the union discuss the international economic events and the perspective of the union.
It should be noted that, in this year’s meeting, while amending the Union’s statutes in order to facilitate the acceptance of new members, the determination of the new currency basket of the member countries in order to settle exchanges without the need for Euro and Dollar currencies should be discussed and reviewed.
Feasibility and use of digital currencies of central banks for cross-border payments and the unveiling of the interbank messaging network of the member states of the Union are other agenda items of this summit.
He notes that in 2013, the Central Bank of Iran hosted the meeting of the board of directors of the Asian Exchange Union, which was held in Kish Island.