Will the BRICS countries announce an alternative to SWIFT at their summit in October 2024?
56
1.7kṀ6535
resolved Oct 29
Resolved
NO

This market is part of the Humans v Bots Battle 2024, where AI forecasters will duke it out on the most important world questions of 2024. Can you beat the bots and snag part of the 250,000 Mana (~$2.5k) prize?

BRICS countries (Brazil, Russia, India, China, South Africa) are expanding their members, and trying to build an anti-western coalition.

This question is specific to the BRICS group's initiative under Russian chairmanship to develop an alternative payment system, which has been a point of discussion in light of the increasing use of the dollar and SWIFT system in geopolitical contexts. BRICS has long expressed interest in reducing its reliance on the US-dominated SWIFT system, especially after the West's sanctions on Russia highlighted its vulnerability. The August 2023 BRICS summit in Johannesburg saw the bloc commission its finance ministers to explore a BRICS payment system.

Get
Ṁ1,000
to start trading!

🏅 Top traders

#NameTotal profit
1Ṁ615
2Ṁ176
3Ṁ170
4Ṁ158
5Ṁ73
© Manifold Markets, Inc.TermsPrivacy