Looks like Brazil, Russia, India, China & Sth Africa aka BRICS are keen to bypass SWIFT and form their own international financial system.
Don't you find it ironic that the dominance of the $USD allows the USA and allies to favour sanctions over diplomacy but sanctions have encouraged sanctioned countries to seek ways to bypass the $USD so basically, the constant use of sanctions the last 30 years is helping to kill the $USD as default world currency.
DOH!!!
[fmprc.gov.cn]
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