US EditionNBG Denies Seeking SWIFT Alternative After Meeting With Chinese Payment System Head - Civil Georgia
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NBG Denies Seeking SWIFT Alternative After Meeting With Chinese Payment System Head - Civil Georgia
The National Bank of Georgia (NBG) denied claims that it is seeking a SWIFT global payment network replacement after its top official met with the president of China’s Cross-Border Interbank Payment System (CIPS). In a July 18 statement, the NBG called such claims a “complete disinformation,” clarifying that “CIPS is primarily focused on Chinese yuan transfers, while SWIFT covers multiple currencies.” It added, “We consider CIPS as an additional…
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