Moving Beyond 'Western-Dominated' SWIFT, Using Local Currencies to Save Costs & Boost Trade: Sudanese Minister

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Moving Beyond 'Western-Dominated' SWIFT, Using Local Currencies to Save Costs & Boost Trade: Sudanese Minister

This shift aligns with broader global and regional initiatives, Dr. Jibril Ibrahim Mohamed, Sudan’s Minister of Finance, highlighted.

“That’s what BRICS countries are trying to achieve through BRICS Pay. And hopefully, that's also what the African countries are trying to do through PAPSS [Pan-African Payment and Settlement System],” he told Sputnik Africa.

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