MarcoPOLO@sh.itjust.works to World News@lemmy.ml · 11 months agoTehran and Moscow have completely abandoned SWIFT, the Central Bank of Iran saidwww.oreanda-news.comexternal-linkmessage-square4fedilinkarrow-up10arrow-down10
arrow-up10arrow-down1external-linkTehran and Moscow have completely abandoned SWIFT, the Central Bank of Iran saidwww.oreanda-news.comMarcoPOLO@sh.itjust.works to World News@lemmy.ml · 11 months agomessage-square4fedilink
minus-squareSpacePirate@lemmy.mllinkfedilinkarrow-up0·11 months agoTwo countries that can’t use SWIFT establish a transaction system no one else uses, that isn’t SWIFT. Got it.
minus-squarenekandro@lemmy.mllinkfedilinkarrow-up0·11 months agoSomewhat relevant since they form 2 of the 10 BRICS countries and China is often pretty eager to jump onto non-US systems for obvious reasons.
minus-squarefreagle@lemmygrad.mllinkfedilinkarrow-up0·11 months agoTwo large economies under Western sanctions establish an alternative that serves as a basis for sanctions avoidance.
Two countries that can’t use SWIFT establish a transaction system no one else uses, that isn’t SWIFT. Got it.
Somewhat relevant since they form 2 of the 10 BRICS countries and China is often pretty eager to jump onto non-US systems for obvious reasons.
Two large economies under Western sanctions establish an alternative that serves as a basis for sanctions avoidance.