from Sputnik News:
MOSCOW (Sputnik) – Russia is discussing with other BRICS countries the integration of national financial message transmission systems, and currently 159 foreign participants from 20 countries have already joined the Russian platform, Russian Central Bank Head Elvira Nabiullina told Sputnik.
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“Russia has a Financial Messaging System that is an alternative to SWIFT. Some other countries have similar infrastructure. We are discussing the interaction of such platforms, but the interest and technical readiness of our partners are important here,” Nabiullina said, commenting on whether the BRICS countries are ready to integrate national financial communication systems.
A total of 159 foreign participants from 20 countries have already joined the Russian system, the official added.
Furthermore, the Russian Central Bank is conducting talks with many friendly countries on cross-border settlements in digital currencies, Nabiullina said.
“We are currently holding consultations and negotiations with many friendly countries and, of course, with the BRICS countries on cross-border settlements in digital currencies. And I think that in the future they will certainly develop,” the Central Bank head highlighted.
