DOLLAR AT THE MERCY OF ROUBLE - RUSSIAN CENTRAL BANK FLOATS OWN PAYMENT ANALOGUE SWIFT
12 NATIONS JOINED RUSSIAN ANALOGUE (SWIFT) RUSSIA ANTI-SANCTION MOVE TO STRENGTHEN ECONOMY The Head of Central Bank of Russia Elvira Nabiullina made an announcement in the Duma State’s Joint Committee Meeting that 52 Foreign Organization from 12 countries have joined the Russian Analogue (SWIFT) Russia’s Central Bank Head Elvira said “Now SPFS users are 52 foreign organizations from 12 countries,” confirmed by RIA news The Russian News Media Agency RIA confirms that 50 foreign organizations aggregates in unity with the Russian Financial Messaging System Eleven thousand plus participants from across the globe are connected to the international interbank system for transferring information using SWIFT payments. The sanctions arrow compelled the Russian Central Bank to work-out for alternatives of exchanging financial communications authenticating monetary transactions. The European Union alienated seven Russian banks - VEB.RF, VTB, Otkritie, Sovcombank, Rossiya, Novikombank, and Promsvya...