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Moscow and New Delhi would like to move to direct payments using their own national currencies. By the end of September, they will establish a working group to develop the corresponding mechanisms.
Following the rupee, talks about the organization of direct payments may be started and with the remaining two partners of Russia in the BRICS – Brazil and South Africa. The Bank of Russia confirmed that a plan to intensify the dialogue with Brazil has been around for several years already, as well as for establishing a dialogue with South Africa. “The specific format of work will be agreed upon with partners, based on their suggestions and proposals,” the Russian central bank’s official noted.
originally posted by: Shiloh7
However, the one question in my mind is, does Rothschild and his ilk have their paws on the BRICS banks as if they do, then are they merely leaping out of the USA and dollar system, as they have drained that country dry financially and are looking for new turf to take over?