Zimbabwe interested in SWIFT alternatives

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Date: March 16, 2023

The Zimbabwean government would like to become a member of the BRICS economic bloc, the speaker of the ruling party ZANU-PF said on Wednesday.
"We made it clear that we would like to become a member of the BRICS," Christopher Mutsvangwa told Russia's RIA Novosti news agency.
The official added that his country is interested in developing alternatives to the Western-dominated SWIFT payment network.
In his view, BRICS could contribute to that.

Loan relief for U.S. farmers has begun

U.S. farmers receive nearly $800 mln in loan relief from agriculture agency.
USDA provides nearly $800 million in loan relief, more aid to come.
More than 13,000 financially distressed U.S. farmers and ranchers with qualifying loans have received nearly $800 million in assistance.
Sources: reuters

Swiss Banks Launch Cryptocurrency Trading and Custody After Gaining Regulatory Approval

Switzerland's financial regulator, FINMA, has approved two Zurich-based banks to offer a range of cryptocurrency services, including trading and custody. Maerki Baumann Bank subsequently announced the launch of its trading platform for major cryptocurrencies while Incore Bank is offering a range of crypto services.
Source:bitcoin.com

Defcon Level Warning System: Returning To Gold Standard

Russia is reportedly returning to the gold standard.
The government will abolish the VAT (tax) on bullion when purchasing gold bars or other precious metals from a bank.
The 20% current tax on top of its value will not apply.
According to Money Week China 'almost certainly' owns more gold than the United States and both Russia and China have been expecting that they must separate from the U.S. dollar and have been increasing their gold holdings so that they will be prepared for such a time.
Maxime Bernier said that China and Russia have both accumulated a lot of gold and are dumping their dollar assets.
"By escalating the Ukraine conflict and imposing financial sanctions, we are pushing them to establish an alternative global monetary system, likely based on gold" he stated.
"When this happens the US$ will crash and our massively indebted economies will suffer.
This is a big geopolitical blunder. And btw Canada has no gold reserve. We won't have anything to support the CAN$. Almost nobody sees this coming". he added.
Maxime Bernier said that he supports the return to sound money and a gold standard, but not in an 'unprepared and destabilizing fashion as the one we are facing now'.
Source: Defcon Level Warning System

Ripple effect. Ripple Partners with biggest Central Banks

Ripple Partners with Largest Financial Institution in Africa and Middle East.
Qatar National Bank and Ripple partner to enhance Global Cross-Border payments.
The national bank of Qatar is the biggest banking institution in Africa and the MENA region.
Fed Reserve Adopts ISO 20022 Format for Payments That Ripple Is Compliant With.
The Federal Reserve Board on Monday announced that the Federal Reserve Banks will adopt the ISO 20022 message format for the Fedwire Funds Service.
Ripple also partnered with UAE, South Korea, Bhutan, Saudi Arabia and blueprints to modernize Europe's payments infrastructure.
Sources: u.today, u.today

EO on the National Quantum Initiative Advisory Committee

Donald Trump signed an Executive Order on Establishing the National Quantum Initiative Advisory Committee at White House, August 30, 2019.
Quantum Information Science (QIS) is an emerging field with the potential to cause revolutionary advances in fields of science and engineering involving computation, communication, precision measurement, and fundamental quantum science.
Sources:www.whitehouse.gov, en.wikipedia.org