159 Countries set to use BRICS SWIFT replacement
August 19, 2024 8:38 am by CWR (Citizens Watch Report)
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Amid the alliance’s continued efforts to create a SWIFT alternative, the economic alliance has sought to create its very own BRICS payment system. It will play a major role in the alliance trade dealings. Specifically, allowing unilateral settlement to be done without the need for the US dollar.
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The move is poised to be vital for the bloc and participating nations, and it appears there will be a lot of them. According to one Russian BBC official, there are already 159 countries seeking to adopt the system currently. With a potential launch coming in October, it could have massive global market ramifications.
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