The big switch to yuan and National Currencies

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News Date: March 23, 2023

Putin, Xi Vow to Use Yuan as Russia and China Move to Settlements in National Currencies.
Russia has vowed to move to use the Chinese yuan as a settlement currency with countries in Asia, Africa, and Latam.
Putin expressed that using national currencies for international trading 'should be encouraged further.'
Source: news.bitcoin

Emergency Alert System reminder

The US Federal Communications Commission, Enforcement Bureau, Reminds EAS Participants of Compliance Obligations.
FCC issues enforcement advisory reminding Emergency Alert System participants of compliance obligations, including ensuring alerts are accessible to people with disabilities.
The storm is upon us. We are ready now!
Details: www.fcc.gov

XRP the Ripple force in the Federal Reserve projects

Fed Faster Payments Task Force gives Ripple vote of confidence for next gen of global payments.
Ripple's Executive Elected to Fed's Faster payments Task Force.
The desired outcomes focused on speed, security, efficiency, cross border payments, and industry collaboration.
Source:ripple.com

Gold standard the final solution globally

Precious metals have been a safe haven all throughout human history, and that is especially true during highly inflationary times.
If we continue destroying the U.S. dollar at our current pace, toilet paper will eventually be more valuable than U.S. dollars.
Gold Could Offer a Way out of Switzerland Failing Inflationist Experiment.
Switzerland could break with the globally pervasive regulations which suppress the potential of gold to develop fully as a nonstate money. Swiss banks, already expert at servicing gold deposit accounts for their clients, would get permission to establish a clearinghouse in Zurich for settling transactions between themselves in the yellow metal (in, say, kilogram gold bars deliverable in Switzerland), thereby facilitating direct payments in gold by their clients for goods or assets without having to pass through the US dollar.
The World Gold Council announced, on Sunday, that the central banks possession of gold increased.
It is noteworthy that the World Gold Council, which is headquartered in the United Kingdom, has extensive experience and deep knowledge of the factors causing market change and its members consist of the largest and most advanced gold mining companies in the world.
Sources: search4dinar.wordpress.com, mises.org

Rupee-Riyal trade, UPI payment system

India, Saudi Arabia discuss Rupee-Riyal trade, UPI payment system.
India and Saudi Arabia have discussed the possibility of starting a rupee-riyal trade as part of efforts to boost economic ties between the nations, the Indian government said in a statement on Monday.
Sources: indiatimes

Russia, Iran to develop alternative to SWIFT

Russia and Iran have been cooperating to connect their interbank messaging systems in order to bypass the SWIFT financial transactions network, Kazem Jalali, Ambassador of Iran to Russia, said on Thursday.
SWIFT is a messaging network that financial institutions use to securely transmit information and instructions through a standardized system of codes.
Both countries are facing severe Western sanctions, making settlements in trade through SWIFT difficult or impossible.
Source: www.siasat.com