Archive for financial system

New World Financial System

Posted in uncategorized with tags , on May 17, 2022 by andelino

BRICS is pushing to undermine America’s financial hegemony.

Financial ministers for the BRICS nations of Brazil, Russia, India, China and South Africa held a meeting to discuss creating an alternative to the swift banking system on April 8. The discussion included making a contingency for reserve currencies other than the United States dollar, and how to transition to this new system. This is a direct reaction to Western sanctions on Russia over the invasion of Ukraine.

Read more at “Is BRICS Building a New World Financial System?”

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