President Recep Tayyip Erdogan called for the renewal of the Group of Eight developing Islamic countries in line with current requirements.
This came in a speech delivered by the Turkish President, on Thursday, at the tenth summit meeting of the Group of Eight Islamic Developing Countries, hosted by Bangladesh via a virtual medium.
Erdogan stressed the necessity of transforming the “Islamic Eight” into an entity that focuses on projects and achievements.
He added, “We must focus on trading in local currencies in order to protect our countries from the risks arising from exchange rates.”
He pointed to the possibility of activating the idea of establishing a large Islamic bank on the basis of an electronic platform that would simultaneously meet the liquidity needs of Islamic financial institutions and finance the growing infrastructure in the Islamic world.
Speaking about the local Corona vaccine, he stated that Turkey will put its vaccine in the reach of all mankind upon approval.
On the other hand, Erdogan stressed the need to seek to protect Palestinian refugees, Arakanese, Yemeni and Syrian immigrants who suffer oppression and poverty.