PREV Threads:
Indonesians Urged To Abandon Western Payment Systems
https://www.nairaland.com/7617715/indonesians-urged-abandon-western-payment

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Russia Bans Swift
https://www.nairaland.com/7620411/russia-bans-swift

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Tanzania & India Switch From US Dollar To Local Currencies In Bilateral Trade
https://www.nairaland.com/7617235/tanzania-india-switch-us-dollar

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Jakarta wants to reduce its dependence on foreign payment systems, citing sanctions on Russia.

The Bank of Indonesia is preparing to phase out Visa and Mastercard while introducing its own domestic payment system, Antara news agency reported on Monday, citing the regulator.

Last week, Indonesian President Joko Widodo urged regional authorities to wean themselves away from foreign payment systems and start using cards issued by local banks. He argued that Indonesia needed to shield itself from geopolitical disruptions, citing the sanctions targeting Russia’s financial sector from the US, EU, and their allies over the conflict in Ukraine.

“Be very careful. We must remember the sanctions imposed by the US on Russia. Visa and Mastercard could be a problem,” he said.

Commenting on the initiative, the central bank’s spokesperson, Erwin Haryono, said that the regulator was in talks with local businesses “and the progress is about 90%,” adding that domestic cards will have many advantages, including lower fees. Also, according to him, “offshore settlements and dependence on foreign payment networks such as US Visa or Mastercard will no longer be necessary.”

Board member of the Indonesian Credit Cards Association (AKKI), Dodit Proboyakti, told RIA Novosti that Indonesia would apply the experience of Russia and its Mir payment system to promote the domestic financial network.

Indonesia’s interbank system, GPN, currently supports only local debit cards and requires some adjustments to properly serve credit cards and international transactions, according to AKKI executive director Steve Marta.

Moscow rolled out its own national card system, Mir, soon after the US first targeted the country with sanctions in 2014, and created the domestic National Payment Card System (NSPK) to smoothly take over all Visa and Mastercard transactions should the US-based companies pull the plug.
https://www.rt.com/business/573306-indonesia-ditching-visa-mastercard/

The day the USA hate is right here before us. Upon all their nonsense such as democracy, freedom, equality, liberalism, the developing world have seen that it doesn't work.

It will only get worse for the empire of lies. Hopefully other African countries follow suit.

Massive Protest going on Paris are demanding the resignation of French President Emmanuel Macron.

USA made a huge mistake sanctioning Russia

pansophist:
The day the USA hate is right here before us. Upon all their nonsense such as democracy, freedom, equality, liberalism, the developing world have seen that it doesn't work.

It will only get worse for the empire of lies. Hopefully other African countries follow suit.

I think they are yet to see their mistake hence the hesitant move to cut loses. Now they will either take their loss or become that very monster for which they accused Russia of. This is a game where Russia has computed everything from every possibility, angle and parallel universe and waiting for their opponents to make a dooming move.


Russia and China are master chess player. And the rule is simple, Develop yourself in all ramifications and watch every piece of life fall in place.


This is wonderful. I'd like to see USA move.

A flower-laying ceremony was held on Friday in Serbia’s capital of Belgrade to commemorate the 24th anniversary of NATO’s aggression against Yugoslavia.

The ceremony was led by Minister of Labor, Employment, Veteran and Social Affairs Nikola Selakovic, and was attended by Russian Ambassador Alexander Botsan-Kharchenko, Belarusian Ambassador Valery Brilev, President of the Union of War Veterans of the National Liberation Wars of Serbia (SUBNOR) Vidosav Kovacevic, as well as public figures and numerous ordinary citizens.

The commemoration took place in Belgrade’s Tasmajdan Park, where a monument depicting a child with wings and engraved with the inscription "We were just children" has been erected. The monument portrays Milica Rakic, a three-year-old girl who was killed by shrapnel on April 17, 1999, in the bathroom of her home in a suburb of Belgrade, which was located far from any military facilities. According to the Serbian government, Milica was among the 87 children who were killed in the NATO bombings.

Friday marks the 24th anniversary of NATO’s aggression against Yugoslavia, which was unleashed on March 24, 1999, and lasted for 78 days. The alliance’s leadership argued that the main rationale for the operation, codenamed Allied Force, was to prevent the genocide of Kosovo’s ethnic Albanian population. According to NATO sources, its aircraft flew 38,000 sorties and carried out 10,000 bombing strikes.

The bombardments killed, according to Serbian estimates, 3,500-4,000 people, and left about 10,000 others (two-thirds of them civilians) injured. Material damages totaled up to $100 billion. During the three months of the bombing campaign, NATO forces dropped 15 tons of depleted uranium in bombs and shells on Serbia. Subsequently, the Balkan country’s cancer rates surged to first place in Europe. In the first ten years following the bombardments, about 30,000 people developed cancer, of which an estimated 10,000-18,000 died.

[url]https://tass.com/world/1594213
[/url]

BidenDTrounce:
A flower-laying ceremony was held on Friday in Serbia’s capital of Belgrade to commemorate the 24th anniversary of NATO’s aggression against Yugoslavia.

The ceremony was led by Minister of Labor, Employment, Veteran and Social Affairs Nikola Selakovic, and was attended by Russian Ambassador Alexander Botsan-Kharchenko, Belarusian Ambassador Valery Brilev, President of the Union of War Veterans of the National Liberation Wars of Serbia (SUBNOR) Vidosav Kovacevic, as well as public figures and numerous ordinary citizens.

The commemoration took place in Belgrade’s Tasmajdan Park, where a monument depicting a child with wings and engraved with the inscription "We were just children" has been erected. The monument portrays Milica Rakic, a three-year-old girl who was killed by shrapnel on April 17, 1999, in the bathroom of her home in a suburb of Belgrade, which was located far from any military facilities. According to the Serbian government, Milica was among the 87 children who were killed in the NATO bombings.

Friday marks the 24th anniversary of NATO’s aggression against Yugoslavia, which was unleashed on March 24, 1999, and lasted for 78 days. The alliance’s leadership argued that the main rationale for the operation, codenamed Allied Force, was to prevent the genocide of Kosovo’s ethnic Albanian population. According to NATO sources, its aircraft flew 38,000 sorties and carried out 10,000 bombing strikes.

The bombardments killed, according to Serbian estimates, 3,500-4,000 people, and left about 10,000 others (two-thirds of them civilians) injured. Material damages totaled up to $100 billion. During the three months of the bombing campaign, NATO forces dropped 15 tons of depleted uranium in bombs and shells on Serbia. Subsequently, the Balkan country’s cancer rates surged to first place in Europe. In the first ten years following the bombardments, about 30,000 people developed cancer, of which an estimated 10,000-18,000 died.

[url]https://tass.com/world/1594213
[/url]

Brother please stop this, it is good you create a thread for it , rather than dropping it on every thread here.
spamming is against the rules of this forum.
thank you.

Regex:


I think they are yet to see their mistake hence the hesitant move to cut loses. Now they will either take their loss or become that very monster for which they accused Russia of. This is a game where Russia has computed everything from every possibility, angle and parallel universe and waiting for their opponents to make a dooming move.


Russia and China are master chess player. And the rule is simple, Develop yourself in all ramifications and watch every piece of life fall in place.


This is wonderful. I'd like to see USA move.

Personally, USA don't have much Move because the Law of Diminishing Marginal Utility is Creeping In for Them .... It Happened to All Past Civilisations, It's Happening to them ....

USA have done the God's Work Exposing Humanities to Knowledges via Liberalisation Now New Nations Needs to Spring to Pit Sanity to the World and Cleanse USA Messes...

Those New Nations would also go down too because they have Messes of their Own till Mankind Become Truly Liberal to Making Decisions On their Own shaping their Futures Through Leadership !

Power Belong to Almighty Good-God Only Because Power Corrupts and Absolute Powers Corrupt Absolutely So No Nation Would Have Absolute Power as far as the Law of Universe is Concerned.... !