Potential BRICS Payment System 'Breakthrough,' May Need Reforms to Replace SWIFT – Expert

Potential BRICS Payment System 'Breakthrough,' May Need Reforms to Replace SWIFT – Expert

MOSCOW(Sputnik) – The potential new BRICS payment system will be a “breakthrough,” but it will have to prove its worth and may need reforms to possibly replace SWIFT, Nelson Wong, the vice chairman and president of the Shanghai Center for RimPac Strategic and International Studies, told Sputnik.

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