De-Dollarization Encircles The Globe: China Completes SWIFT Alternative, May Launch As Soon As September
by Tyler Durden
ZeroHedge.com
03/09/2015
Following a year of threats that the west would kick Russia out of SWIFT, Moscow finally took the plunge and created its own international payment system alternative. And now, seeing how easy and fast it can be done, here comes China next with its own “China International Payment System” or CIPS, as one after another major global powers wave goodbye to a dollar-based, Washington-controlled (and NSA-supervised) international funds-transfer protocol. One that no longer relies on the US Dollar.
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