SWIFT – Page 2 – THE OVAL CIRCLE

EU

EU Parliament mulls block on Nord Stream 2 gas pipeline & banning Russia from SWIFT system, despite leaders’ calls for dialogue

Posted on April 29, 2021April 29, 2021By Editor

A group of EU lawmakers have drafted a resolution that would impose new sanctions on Russia and scupper a Moscow-backed Baltic Sea pipeline, ignoring recent calls from the bloc’s top politicians for more constructive relations. … Read More >EU Parliament mulls block on Nord Stream 2 gas pipeline & banning Russia from SWIFT system, despite leaders’ calls for dialogue

Russia

Act of war? Ukraine asks EU to consider cutting off Russia from SWIFT payment system as Kiev seeks more sanctions against Moscow

Posted on April 23, 2021April 23, 2021By Editor

Ukraine has requested that the European Union consider the possibility of disconnecting Russia from SWIFT, the international system of transfers between banks, suggesting that the measure be added to a new package of sanctions. … Read More >Act of war? Ukraine asks EU to consider cutting off Russia from SWIFT payment system as Kiev seeks more sanctions against Moscow

Russia prepared for possibility of being cut off from SWIFT, Kremlin says

Posted on March 24, 2021March 24, 2021By Editor

With anti-Russian sanctions gathering momentum, particularly in the US, President Putin’s press secretary Dmitry Peskov says he does not exclude the possibility of Russia being unplugged from the SWIFT financial network. … Read More >Russia prepared for possibility of being cut off from SWIFT, Kremlin says

China partners with SWIFT to boost global use of yuan & cut reliance on US dollar

Posted on February 6, 2021February 6, 2021By Editor

The People’s Bank of China has agreed a partnership with the global interbank settlement organization SWIFT, as part of an effort to internationalize the yuan and develop a digital Chinese currency. … Read More >China partners with SWIFT to boost global use of yuan & cut reliance on US dollar

Digital currencies may challenge SWIFT global payment network, says Russian central bank

Posted on December 26, 2020January 2, 2021By Editor

The development of digital currencies may challenge the SWIFT international banking payment system and could eventually make it redundant, the Central Bank of Russia (CBR) has said. … Read More >Digital currencies may challenge SWIFT global payment network, says Russian central bank

Dollar hegemony is coming to an end, market analyst tells Boom Bust

Posted on November 21, 2020November 21, 2020By Editor

The euro became the top currency for global payment transactions last month, having outpaced the US dollar for the first time since 2013, data from SWIFT showed. … Read More >Dollar hegemony is coming to an end, market analyst tells Boom Bust

Euro beats US dollar as world’s most used currency, SWIFT says

Posted on November 21, 2020November 21, 2020By Editor

The US dollar has lost to the euro as the number one currency for global transactions for the first time in nearly eight years, said the Society for Worldwide Interbank Financial Telecommunications (SWIFT). … Read More >Euro beats US dollar as world’s most used currency, SWIFT says