Finance and Security in Brief: The Rise of Alternative Payment Systems
Kinga Redlowska and Tom Keatinge
12 March 20252 Minute Watch
In this video from our 'Finance and Security in Brief' series, Tom Keatinge, Director of CFS at RUSI, examines the growing use of alternative payment systems like the Asian Clearing Union and the Pan-African Payment and Settlement System.
While these systems can improve cross-border payment efficiency, Tom warns that they may also facilitate sanctions circumvention. He discusses efforts to develop these systems and evaluates their potential impact on Western sanctions, stressing that the US dollar's stability and liquidity remain crucial to global trade.
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Kinga Redlowska
Head of CFS Europe
Centre for Finance and Security
Tom Keatinge
Director, CFS
Centre for Finance and Security
