The Big Stiff: Russia-Iran Dump the Dollar and Bust US Sanctions, by Pepe Escobar
Feb 9th 2023 2:18pm EST
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…
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