11 July 2023
The 23rd SCO summit welcomed Iran as a permanent member, strengthening Eurasia integration. Discussions emphasized mutual security, local currency trade, and de-dollarization. The convergence of focus highlights a drive for a fair multipolar world order, with connectivity, infrastructure, and cooperation in various sectors. Integration of BRICS and SCO seems inevitable, challenging US-EU dominance. A potential gold-backed ruble and a new trade currency tied to commodities are being explored. The goal is a physical economy focused on infrastructure, industry, and technology sharing.