BRICS Rolls Out SWIFT Alternative, Targeting Dollar Dominance

Описание: BRICS has unveiled a new cross-border payment network designed to serve as an alternative to SWIFT, the dominant global system for international bank transactions. The initiative aims to reduce reliance on Western-controlled financial infrastructure and provide member nations with greater independence in global trade. By promoting transactions in local currencies and creating parallel settlement channels, this new system could gradually challenge the long-standing dominance of the U.S. dollar in international markets.