Browsing: SWIFT

The share of the euro currency in global cross-border settlements via the SWIFT messaging system last month declined to an all-time low, transaction data compiled by the global financial service showed on Thursday.

A move away from conducting financial transactions through Western payment systems, including SWIFT, is vital for Russia and its trading partners, the head of the country’s second-largest lender has said.

The dollar-based international financial system is becoming “risky,” the head of Russia’s central bank says

Dmitry Shatunov, head of the Foreign Economic Cooperation Committee at the Moscow Chamber of Commerce and Industry, revealed talks with…

The global shift away from the Western-based payment network, now used as a sanctions tool, has been gathering pace The…

Thirty Russian banks have been linked to the Chinese payment system CIPS, which is a system equivalent to the banking…

Brussels says the state-owned Russian Agricultural Bank may return to the payment system only after the conflict in Ukraine ends…

SWIFT cross-border transactions in the single currency have nosedived to three-year lows The use of the euro for international settlements…

Russia’s second-largest bank opened a representative office in Iran to facilitate inter-bank communications between the neighboring countries. Moscow and Iran…

An informed source said that no decision has yet been taken regarding the mediation of a Turkish bank in the…