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India considering Russian SWIFT alternative for trade settlements – media

India considering Russian SWIFT alternative for trade settlements – media

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Stu Turley
Sep 03, 2024
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Energy News Beat
Energy News Beat
India considering Russian SWIFT alternative for trade settlements – media
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Central Bank of Russia Launches SWIFT Replacement With 399 Users

The banking regulator is reportedly interested in joining Russia’s financial messaging system in the push towards de-dollarization

The Reserve Bank of India (RBI) is considering the use of Russia’s alternative to the Western SWIFT financial messaging system for rupee-ruble trade settlements, Business Line has reported.

The System for Transfer of Financial…

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