Raeisi at SCO: Ditching dollar key to shaping fair international system

Iranian President Ebrahim Raeisi has warned against the dominance of the dollar in global exchanges, saying de-dollarization is a pivotal necessity to form a just international system.

Raeisi made the remarks in an address to the 23rd virtual summit of the Shanghai Cooperation Organization (SCO) after Iran gained full-fledged membership in the bloc.

He said cooperation among the SCO member states in the economic fields can “open a clear vision of a just regional order” to the eyes of world nations.

Based on the past decades’ experience, he said, militarism and the dominance of the dollar form the bases of the Western domination system.

“Therefore any attempt to shape a fair international system requires the removal of this instrument of dominance in intra-regional relations,” the Iranian president pointed out.

He noted that civilization is the greatest capacity of the SCO member countries to build unity and peace.

He stressed the importance of promoting a civilization in this “ancient” continent based on ethics, spirituality, justice, rationality, and respect for human dignity.

“The Shanghai Cooperation Organization, which is a symbol of this “great family of civilizations”, is now standing in a position that can establish new horizons of regional convergence and security-building cooperation,” Raeisi stated.