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Will the BRICS financial messaging system be adopted by at least one non-BRICS country by end of 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from non-BRICS countries and BRICS alliance statements
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BRICS Launches Financial Messaging System to Create New Economic Reality
Jul 26, 2024, 05:13 PM
Russia has announced the creation of a financial messaging system similar to SWIFT, aimed at fostering a new economic reality for BRICS countries. The BRICS alliance, which includes Brazil, Russia, India, China, and South Africa, has officially launched this system to replace the Western SWIFT network. This new financial messaging system is expected to enable BRICS countries to settle cross-border transactions more efficiently and reshape global trade dynamics. The system is already in motion now.
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Russia • 25%
China • 25%
India • 25%
Other • 25%
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No • 50%
Russia • 25%
China • 25%
India • 25%
Brazil/South Africa • 25%