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CBR launches SWIFT alternative for domestic payments

OWoN: Russia has now launched its own alternative to SWIFT. Slowly the Petro dollar and US Reserve Currency is untangling and the Global monetary control of the USD is diminishing. For the US, this is what happens when you mess with a world which has had enough. Russians are smart. Putin v the Kenyan illegal?


The Central Bank of Russia on Neglinnaya Street in Moscow - Image: RIA Novosti / Vitaliy Belousov


CBR launches SWIFT alternative for domestic payments


RT
26 December 2014

The Central Bank of Russia (CBR) has launched a new SWIFT-style payment service aimed at moving away from Western financial dominance. The system is already operating, and will be fully functional within six months.

"The new service was launched in order to ensure smooth and safe transmission of financial messaging within the country, and is another step towards improving the system of services provided by the Bank of Russia,” said the bank statement Friday.

The regulator said the new service will allow credit institutions to transmit messages in a SWIFT format through CBR to all Russia’s regions without restrictions.

The calls to disconnect Russian banks from the global interbank SWIFT system came amid the deterioration of relations between Russia and the West and the introduction of sanctions.

However, SWIFT itself does not intend to switch Russia off from the system, saying a number of countries put pressure on it, and insists it is not joining the anti-Russian sanctions.

Alla Bakina, head of the CBR’s national payment system department said in November the cost of transmitting financial messaging will be comparable to those of similar services in the market.

The deputy head of the department Ramilya Kanafina said the bank plans to complete Russia’s switch to its SWIFT alternative by May 2015.

SWIFT is a global banking transaction system used by most international banks. The information the system carries, including payment instructions, is securely exchanged between financial institutions. It began operating in 15 countries in 1973 and is now used in 210 countries.

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1 comment :

  1. Benjamin Fulfords latest report is encouraging!!

    http://benjaminfulford.net/

    The year 2014 was a nasty one for the Nazionist cabal controlled G7 nations and their shrinking coterie of slave states. Now, the Pentagon is preparing to take the restored Republic of the United States of America into the 188 nation BRICS alliance, a move that would effectively and permanently end cabal rule, according to CIA sources. If cabal rule ends, then a jubilee (a one-time write off of all debts public and private), asset redistribution and a massive push to save the planet will make 2015, the year of the sheep in the Chinese Zodiac, the year of the sheeple.

    The latest offensive against cabal rule has resulted in 30 arrests of senior officials in Israel

    http://www.timesofisrael.com/police-arrest-30-in-high-level-government-corruption-bust/?utm_source=The+Times+of+Israel+Daily+Edition&utm_campaign=dcfad8de7b-2014_12_24&utm_medium=email&utm_term=0_adb46cec92-dcfad8de7b-54923773

    the disqualification of Benyamin Netanyahu by his own political party

    http://www.jpost.com/Israel-Elections/Likud-comptroller-disqualifies-Netanyahu-from-Likud-leadership-race-PM-likely-to-appeal-385611

    and the fleeing of top Nazionist ruler George Bush Sr. into a hospital to avoid arrest on charges of ordering the murder of President John F. Kennedy and war crimes, including mass murder.

    http://www.dailymail.co.uk/news/article-2885883/Former-President-George-H-W-Bush-90-rushed-hospital-shortness-breath.html

    ReplyDelete

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