Banning Russia from SWIFT could severely hurt the dollar’s status, as Russia would shift to China’s Cross-Border International Payments System (CIPS), boosting the renminbi’s status.

Banning Russia from SWIFT could severely hurt the dollar’s status, as Russia would shift to China’s Cross-Border International Payments System (CIPS), boosting the renminbi’s status.

Via @paulbuitink https://t.co/XWMeinH4al

— Jan Nieuwenhuijs (@JanGold_) February 26, 2022