Global South seeks alternatives to SWIFT amid sanctions
Published
AI-generated summary of the coverage listed below: Countries in the Global South are exploring options to bypass the SWIFT system for inter‑country payments. This shift is driven by multiple wars and the U.S. weaponisation of the dollar through financial sanctions. The move reflects growing concerns over reliance on the current global payment network.
Covered by 1 outlet across the spectrum: 100% left, 0% center, 0% right.
Who is covering this story
- Left-leaning (1): The Hindu
Sources
- What are the alternatives to SWIFT, and how are they faring? Explained — The Hindu (left-leaning)