BRICS to discuss new global financial system – Reuters ...News

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BRICS to discuss new global financial system – Reuters
An alternative scheme developed by Moscow will reportedly work around dollar transactions in international payment operations Russia is to present its project for a new international financial system to fellow BRICS nations at the group’s summit next week, Reuters is reporting, citing a document distributed by Moscow to journalists ahead of the event. The system to be proposed is believed to be immune to Western sanctions and could put an end to US dollar dominance in international exchanges and transactions, the news agency said. According to the report, the new payment platform is based on blockchain technology

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