BRICS Launching SWIFT Replacement At 2024 Summit! What's Next?

BRICS to Launch SWIFT Replacement at the 2024 Summit?

Earlier this year, the BRICS bloc announced its very own payment platform. Specifically, Russian Foreign Minister Sergey Lavrov officially announced the project. Its creation would allow global south nations to no longer depend on the US dollar. Instead, it would promote native currency usage for trade settlements.

That BRICS payment platform is well in development, as it could be looking to launch at the 2024 summit. Russia’s Matviyenko recently discussed the timetable for its launch. “I have spoken both with the central bank and the finance ministry. Things are moving along nicely,” she told Russian state media.

“It is being discussed with colleagues from central banks, finance ministries of all RBICS countries, including new members,” she added. “If it works, it will be a bombshell globally, in the best sense,” she noted, before discussing an approval timeline.

When asked about a launch at the 2024 BRICS summit, she said, “Perhaps it will be approved then, or at least discussions will lead to a decision on when and in which format it should be finalized.”

The event is no stranger to big announcements. At the 2024 Summit, the alliance announced its first expansion effort in more than two decades. It led to Iran, Egypt, Ethiopia, and the United Arab Emirates (UAE) officially joining the group.

The BRICS Bridge could have a similar impact this year. Indeed, it represents a clear de-dollarization approach to unilateral trade. Moreover, it could only increase the overall trade dealings between the alliance nations. If not fully actualized, at the very least, the project will at least be confirmed at the event.

0:00 - Opening
0:46 - So, what is Brics doing?
2:25 - Hence, Brics is also becoming a bloc where those countries who have been bullied by the West can join for true independence and autonomy.
3:24 - But is there any news about a Brics currency?
6:29 - But what can be the new payment system?

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[weloveafrica]

The event is no stranger to big announcements.

Will Brics launch the new payment system at the October summit ?

[viuaxxing]

The world will be more beautiful with peaceful nations.

[ingridhildebrandt]

I can't wait for the moment when the end of the Dollar has come.

[jamesalec]

If the US committed to peace with all nations, the dollar may still be viable. Unfortunately, the US will not pursue peace, therefore the BRICS must go ahead with all speed.

[PutraMing]

😱😱😱😂😂😂❤️❤️❤️WOW OH MY GOD BLESS THE BRICS GROUP

[Hi-eumv]

Thanks God for BRICS and pray God for blessing BRICS continue to grow stronger and better futures 🙏😍

[DarkVader-jjdt]

The world has had enough of the U.S. interfering in global trade, a weakened dollar and a
multipolar world cannot come fast enough.

[micamika]

BRICS and BRICS alternative to Swift, for Brics and the multipolar world. The World will be more peaceful, and will bring more justice to the World !!!

[eamar]

Congratulations!!! مبروك
That's the beginning of the end of Western hegemony!!!
✊✊🏽✊🏿🌍🌎🌏💚🇵🇸☝️
IN TRIBUTE TO BROTHER LEADER MOUAMMAR ALGADHAFIالله يرحمه

[irshadahmad]

Great, BRICKS IS DOING A WONDERFUL JOB. WE SALUTE ALL LEADERS SPECIALLY RUSSIA AND CHINA WHO HAVE TAKEN THIS DECISION.

[HassanaffeyAffey-iejh]

Bricks should come with united nations security restoration Council urgently. Because usa the world leader lost direction

[cbfdhyr]

The world needs change, We had enough with the Western dictatorship to other countries especially Afrika, aluta kontinua❤🎉🎉🎉🎉🎉

[jarmendia]

What kind of issue does this channel have with President Lula, of Brazil? Time and time again it insists on imagery of a long past time when Bolsonaro was president, a president who was subservient to US interests and had always made clear how secondary BRICS was to him.

[rizwanrafeek]

hallelujah praise the lord, bye bye dollar.

[gmoney]

They gonna launch a new grain exchange also

[blerimlleshi]

Perfect I cannot stand USA . We need change

[jsyo]

BRICS is the future for developing country

[itsmearv]

Good news. US Doller should be finished.

[ThierryHorel]

I am sure if you look better .. you can find a photo without Bolsanero.. look look ..

[Brother]

De dollarisation is for the good of u.s. De dollarisation is a show of care n concern for the Americans. Becos since USD became a international reserved currency which brought such big benefit8 to u.s. American leaders n adminstration were spending thriftily from such riches exchange. They became more n more arrogant in weaponising the dollar causing such hatred among 150 over countries. So BRICS for the love of Americans they wanted to stop this craving of over spending. Their fiscal debt has amounted to 35 trillions over which means every one of the American has a debt of hundred over K on them. This luxury habit of over spending needs to stop.