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

    It probably depends if there will be banks that offer both and try to serve as an interconnect. And how this will be treated. If this is accepted it might work, if these banks get ousted from swift, it won’t.