Dollarization

🌐💲🔚 Goodbye, petrodollar: 159 countries plan to switch to the new BRICS payment system ‼️

The long-awaited BRICS international payment system by Russia could already start in October in about 159 countries, which reportedly will stop using the US dollar as their official currency for settlement.

Russia and other BRICS member countries have been working for years to create an alternative to the Western-controlled SWIFT international settlement system. Russia has been banned from using SWIFT, but now BRICS countries are coming up with a new system that threatens to make SWIFT obsolete.

If the new payment system is successful, it will also make Federal Reserve (Fed) notes obsolete. The world will no longer be hostage to the so-called petrodollar.

The current Western sanctions against Russia have only accelerated the development pace of the new BRICS payment system in Russia. Its creation will promote the introduction of local currencies and alternative payment methods that will completely bypass the US dollar.