BRICS planning SWIFT competitor

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Date: September 29, 2023

The BRICS nations, have announced plans to establish their own money-transferring network, aiming to challenge the SWIFT international payment system.
Russian Finance Minister Anton Siluanov revealed this ambitious strategy in an interview with TASS news agency.
This initiative is geared toward enabling seamless cross-border transactions among BRICS member countries, reducing costs and risks associated with external financial intermediaries.
It also seeks to promote the use of BRICS currencies in international trade, potentially diminishing the dominance of the US dollar.
The BRICS network aims to rival SWIFT's capabilities by developing advanced payment infrastructure and cybersecurity measures.
While benefiting BRICS nations, it could also enhance competition and efficiency in the global financial system, benefiting businesses and individuals worldwide.
This move signifies the BRICS nations' determination to reduce reliance on Western financial systems and assert more influence in global finance.

What is the devolution?

Devolution is fundamental and part of the governments top-secret continuity of government plans.
Devolution: transference (as of rights, powers, property, or responsibility) to another especially, the surrender of powers to local authorities by a central government.
The Devolution PLAN involved secret operations of replacing politicians, senior key officials, high-ranking Generals, Admirals, and officers.
Sources: usamagazinestudio.com

Iraq focuses on BRICS

Iraqi MP Zeinab Al-Mousawi, a prominent member of the parliamentary Oil and Energy Committee, urged the government to make joining the BRICS group a top priority.
Mousawi stressed that this move would bring numerous economic benefits to Iraq, including expanded trade opportunities and enhanced economic independence.
Mousawi stated that BRICS members "are rich in oil, metals, rare minerals used in technological industries, and grains."
Iraq is blessed with abundant resources, including extensive oil reserves, fertile land for agriculture, natural gas, and minerals.
We want to be "Free of Washington's financial and trade restrictions," Mousawi summed it up to Amwaj Media.

Israel signs security memorandum with Bahrain

Israel and Bahrain signed a historic memorandum on security cooperation.
Abraham Accords still paying dividends More countries should join!
This is Israel's second memorandum with an Arab nation.
Thanks to President Donald Trump for this initiative.
Source: timesofisrael.com

Cryptocurrency Market Reactions to Regulatory News

The U.S. Federal Reserve reveals that the cryptocurrency XRP didn't show great reaction or movements in price to regulatory news in the past.
Bitcoin, Litecoin, Bitcoin Cash and Ethereum showed a bigger reaction in terms of price-performance to regulatory news.

Source:dallasfed.org

Russia, China switch to national currencies

Russia and China switch to settlements in national currencies for energy supplies.
Russia, China switch to national currencies in payments for gas, says a senior official.
Russia, China also actively switching to national currencies for payments of oil supplies, and products, says the deputy prime minister.
Sources: aa.com