The banking regulator is reportedly interested in joining Russia’s financial messaging system in the push towards de-dollarization The Reserve Bank of India (RBI) is considering the use of Russia’s alternative to the Western SWIFT financial messaging system for rupee-ruble trade settlements, Business Line has reported. The System for Transfer of Financial Messages (SPFS) was set up by the Russian central bank after the country was cut off from the Belgium-based SWIFT network as part of Ukraine-related sanctions. According to the report on Tuesday, while discussions with financial institutions are ongoing, India’s
Hence then, the article about india considering russian swift alternative for trade settlements media was published today ( ) and is available onRussia Today ( News ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( India considering Russian SWIFT alternative for trade settlements – media )