Russian President Vladimir Putin said on October 18 that the BRICS countries are working on their own analogue of SWIFT.
The head of the Russian state made this statement at a meeting with media representatives from the BRICS countries.
The Russian president's words are quoted by TASS .
What Putin said about BRICS countries working on their own SWIFT analogue
As the Russian President explained, the association is working to organize the exchange of financial information between the central banks of the participating countries.
An analogue of SWIFT, something that ensures international settlements, said the head of the Russian state.
According to him, BRICS is also currently studying the possibility of expanding the use of national currencies.
And the creation of tools that would make such work safe, ” Putin added.
The Russian president noted that there is no talk yet about creating a single currency; this is a distant prospect.
