The BRICS alliance will create a new financial messaging system similar to SWIFT and trade in local currencies and not the US dollar.
  • CanadaPlus@lemmy.sdf.org
    3·
    4 months ago

    Yeah, a few other countries are mentioned. Obviously this is do to Russia getting kicked out of SWIFT, given the timing and that SWIFT has been around and used by everyone for decades.

    I’m sure governance is a huge job. The political will is definitely there, though.