ch0k1 on Nostr: JP Morgan Says BRICS Payment System Can Weaken US Dollar ...
JP Morgan Says BRICS Payment System Can Weaken US Dollar
https://watcher.guru/news/jp-morgan-says-brics-payment-system-can-weaken-us-dollar
Leading investment bank JP Morgan has warned that the new BRICS payment system could weaken the US dollar’s global hegemony. The bloc is working towards the formation of a new payment system called ‘BRICS Pay’ where a basket of currencies will be used to settle cross-border transactions. The yet-to-be-launched payment mechanism will not incorporate the US dollar in its systems for global trade and settlements.
originally posted at https://stacker.news/items/761870
https://watcher.guru/news/jp-morgan-says-brics-payment-system-can-weaken-us-dollar
Leading investment bank JP Morgan has warned that the new BRICS payment system could weaken the US dollar’s global hegemony. The bloc is working towards the formation of a new payment system called ‘BRICS Pay’ where a basket of currencies will be used to settle cross-border transactions. The yet-to-be-launched payment mechanism will not incorporate the US dollar in its systems for global trade and settlements.
originally posted at https://stacker.news/items/761870