2024: A SWIFT Alternative
Amid talk of a replacement universal currency for the US Dollar, which appears long way off, there are two immediate steps to dedollarization underway, both advanced. The buying of energy in local currencies and barter, and SWIFT-like exchange mechanisms which this short video explores. 2024, under the Russian BRICS presidency, is turning into a year to remember in our lifetimes! It informs the desperate Hegemon’s drive into deepening world war
- https://en.m.wikipedia.org/wiki/SPFS
- https://cbr.ru/eng/Psystem/fin_msg_transfer_system/
- https://en.m.wikipedia.org/wiki/Shetab_Banking_System
- https://en.wikipedia.org/wiki/Cross-Border_Interbank_Payment_System
- https://www.middleeasteye.net/news/russia-and-iran-launch-payment-system-alternative-swift
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The first step is payment in native currencies – cutting out the middleman. In Thailand, where I live, importers buying oil pay in e-Baht, while their counterparts in UAE are paid instantaneously – in e-Dirham. We’ve been using mBridge, the PBOC-developed platform that slashes time, dollar exposure, and US oversight. … Read more »
Thanks Godfree. The link leads to a private page on the sub stack which we cannot see