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Asian Clearing Union to adopt SWIFT alternative

Date: June 1, 2023 Category: News

Within the coming weeks, ACU member states plan to introduce the Iranian-developed system.
During a recent summit in Iran, the members of the Asian Clearing Union (ACU) decided to compete with th...

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Speeding up the BRICS - SCO payment system

Date: May 24, 2023 Category: News

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 Russi...

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Independent Financial System planned by Russia and the Islamic world

Date: May 22, 2023 Category: News

Russia and the Islamic countries talk about the creation of an independent financial system and de-dollarization.
According to Alexey Overchuk, deputy prime minister of Russia, Russia is in conve...

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BRICS, EAEU & SCO alliance

Date: May 21, 2023 Category: News

The second Eurasian Economic Forum, which will be held in Moscow on May 24 - 25, will feature discussions on the integration of BRICS, EAEU & SCO blocks.
"The expansion of mutually beneficial coo...

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BRICS Common Currency report

Date: May 20, 2023 Category: News

The planned BRICS cross-border currency is an important step in challenging the dominance of the U.S. dollar, according to Zhou Yu, director of international finance Research at the Shanghai Academy o...

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