Create an alternative to the international interbank system of information transfer and Commission of payments of SWIFT plan to create Russia, India and China.
This will facilitate trade with countries subject to U.S. sanctions, according to the publication the Economic Times, citing its own sources.
it is Expected that the Russian System of transmission of financial messages (SPFS) will be connected to her Chinese counterpart system CIPS. In India's own system yet, so it will be connected to the platform of Russia's Central Bank with tools, which is currently in development.
it is Assumed that the overall system will recode payment messages under the format of each of the national systems. This will give countries an opportunity to work on your own platforms.
Questions create alternative to SWIFT, probably will be discussed on the sidelines taking place in Brazil for the BRICS summit.
in addition, the summit has discussed the issue of abandoning the dollar in mutual calculations. As a tool for transactions between members of the BRICS (Brazil, Russia, India, China and South Africa) can be used a single cryptocurrency, said the General Director of the Russian direct investment Fund (RDIF), a member of the BRICS business Council Kirill Dmitriev.
the head of the FUND believes that such calculations should be carried out through the payment system of the BRICS.
