China's New International Payment System: CIPSPresentation: March 9, 2022

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If any country wants to avoid the US and European Financial Surveillance, what alternative systems available for them? There are a couple of systems emerging where Central Banks, corporations and other Financial Institutions can use : 1st one is SPFS - Russian alternative to SWIFT and CHIPS which provides messaging, clearing and settlement services for cross border transactions. And another one CIPS - China’s alternative to SWIFT and CHIPS.