Published 02/10/2024 2:00:00 p.m.

BRICS: 159 Countries Eyeing Russia's New Payment System

Summary by Ground News

BRICS member Russia confirmed that the country is building an alternative to the SWIFT payment system. The new payment mechanism will settle cross-border transactions in local currencies making BRICS and other developing countries sideline the US dollar. Russia plans to pitch the new payment system to the majority of the world when it is ready for launch.

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BRICS: 159 Countries Eyeing Russia's New Payment System

BRICS: Russia plans to pitch its new payment system to 159 countries and make developing countries sideline the US dollar.

02/10/2024 2:00:00 p.m.

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