Speeding up the BRICS - SCO payment system
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News Date: May 24, 2023
A new, "cutting-edge" payment system for the currencies of the Shanghai Cooperation Organization (SCO) and BRICS countries should be established as soon as possible, according to the chairman of Russia's National Economic Development Organization VEB.RF, Igor Shuvalov.
In his remarks at a Russian-Chinese Business Forum on Tuesday in Shanghai, Shuvalov emphasized the need for Russia and China to hasten the development of an effective payment system.
"We urge the government of the Russian Federation and our Chinese partners to act as actively as possible.
An independent and efficient infrastructure of payments is necessary not only for ensuring the "ruble/yuan" pair but also for carrying out the most serious transactions in SCO and BRICS currencies," said Shuvalov.
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Source: www.cnbc.com
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Source: youtube.com
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Go to 1:50 if you want the start of the exact statement:
Source:youtube.com
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Source: bitcoin.com
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Sources:www.youtube.com, www.whitehouse.gov