BRICS Officially Announces Financial System Simila
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Posted On: 07/26/2024 9:28:08 PM
BRICS Officially Announces Financial System Similar to SWIFT
https://watcher.guru/news/brics-officially-an...r-to-swift
Quote:
The BRICS alliance is looking to bypass the Western SWIFT system and replace it with its own financial mechanism. The creation of a new financial messaging system similar to SWIFT will allow BRICS to reshape the global trade landscape.
The majority of cross-border transactions are now settled using SWIFT and cutting ties with the system provides leverage to the nine-member alliance. BRICS can create a new payment system without incorporating the US dollar for transactions.
https://watcher.guru/news/brics-officially-an...r-to-swift
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