BRICS: Russia & Iran End SWIFT, Start Bank Transfers in Local Currency
#1

Out of SWIFT is out of transferring $$$ W/O US monitoring system

BRICS: Russia & Iran End SWIFT, Start Bank Transfers in Local Currency

BRICS members Russia and Iran have officially abandoned the SWIFT payment system for cross-border transactions. The two countries will initiate payments to settle international trade using direct bank transfers. SWIFT payment system is no longer needed for trade between Russia and Iran, as both countries have agreed to carry out transactions directly through the banks. The two BRICS members will engage in direct bank transfers in their respective local currency and not the US dollar.

Also Read: BRICS: JP Morgan
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#2

So how.much rubles and reals countries want to keep?

I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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