The Central Bank of Russia is ready to participate in BRICS projects on a unified payment infrastructure. This was stated by the First Deputy Chairman of the Central Bank of the Russian Federation Olga Skorobogatova. DEA News.
“There was a discussion within BRICS… the issue of establishing a common infrastructure came to the fore, integration into national platforms or the creation of a kind of platform, for example, over a unit account… As us. As a central bank, we are absolutely ready to participate in all these projects and to be the first in this business.”
Not all regulators are ready to converge on “some major platforms,” he said. Although the interaction of a few key countries could create an entirely different international infrastructure.
In the text of the final declaration of the 15th BRICS summit, which ended in South Africa on 24 August, the leaders of the association spoke Regulation on the use of national currencies in international trade and financial transactions between the countries of the Association.
Prior to that, Russian President Vladimir Putin persistently BRICS countries will expand settlements with their national currencies. He advocated further implementation of the economic partnership strategy by 2025. Among these long-term directives, the Russian leader underlined the increasing role of partner countries in the international monetary and financial system, the development of interbank cooperation and closer cooperation between tax, customs and anti-monopoly authorities.
previously in the USA saw Potential for the BRICS impact to increase.