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Russia has internal replacement for SWIFT, cenbank says -Breaking

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© Reuters. In this illustration taken on February 26, 2022, the Swift logo is shown with Russian and EU flags. REUTERS/Dado Ruvic/Illustration

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(Reuters) – Russia can create a new system for internal payments that will replace SWIFT, Elvira Nabiullina, Central Bank Governor, stated Monday. The Central Bank Governor stressed the need to help banks’ clients.

Nabiullina stated that all Russian banks will fulfill their obligations, and all their funds are secure.

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