It was proposed to introduce a single currency of Muslim countries
It was proposed to establish a single currency of the "Islamic Eight" (D-8) organization, which unites Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan and Turkey. It was also decided to increase the volume of trade between the D-8 member states from the current 146 billion dollars to 500 billion dollars by 2030.
Bangladesh Prime Minister Sheikh Hasina has proposed the introduction of a common currency like the European Union to facilitate trade transactions between Muslim countries. He announced this at the meeting of the Islamic Group of Eight (D-8) countries, which includes Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan and Turkey, Business Standard reports.
"D-8 was established with the participation of eight Muslim countries of the world in order to expand mutual trade and strengthen friendship to improve the socio-economic conditions of the people of these countries. It would be great if we could introduce a common currency like the European Union to facilitate trade between us," Hasina said at a meeting with a delegation of D-8 trade ministers.
The main agenda of the meeting was to implement preferential trade agreements between the D-8 member states and to expand their effectiveness. In this regard, the Dhaka Declaration was adopted at the meeting of the Council of Ministers, in which a decision was taken to promote bilateral and multilateral trade between the D-8 countries.
"I strive to improve the condition and socio-economic development of ordinary people. This can only happen if we can expand trade and commerce between us. "The D-8 countries should cooperate as a family and provide technical assistance to each other in the field of trade," said the prime minister.
According to the publication, the delegation said at the meeting that it was decided to increase the volume of trade between the D-8 member states from the current 146 billion dollars to 500 billion dollars by 2030.
"Islamic Eight" was founded on June 15, 1997 by the initiative of the former prime minister of Turkey, Najmuddin Erbakan.
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