Escobar: The Big Stiff – Russia-Iran Dump The Dollar And Bust US Sanctions

News of Russian banks connecting to Iran’s financial messaging system strengthens the resistance against US-imposed sanctions on both countries and accelerates global de-dollarization.  

The agreement between the Central Banks of Russia and Iran formally signed on 29 January connecting their interbank transfer systems is a game-changer in more ways than one.

Technically, from now on 52 Iranian banks already using SEPAM, Iran’s interbank telecom system, are connecting with 106 banks using SPFS, Russia’s equivalent to the western banking messaging system SWIFT.

Read more here: https://www.zerohedge.com/geopolitical/escobar-big-stiff-russia-iran-dump-dollar-and-bust-us-sanctions