Vladmir Putin for creating parallel SWIFT system to break U.S. dollar dominance
Russian President Vladimir Putin has said the multi-nation Brazil, Russia, India, China, and South Africa (BRICS) group should explore a SWIFT-like cross-border payments system immune to Western sanctions as well as use national digital currencies in financing investment projects to end U.S. dollar dominance. Ahead of the 16th annual summit of leaders of BRICS to…
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