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→European banks avoiding the SWIFT network
==European banks avoiding the SWIFT network==
==European banks avoiding the SWIFT network==
On August 13, 2026 it was announced that [[Deutsche Bank]] would become the first [[European]] bank to dump the [[dollar]] and settle accounts directly with [[China]] in Chinese currency.<ref>https://www.zerohedge.com/news/2026-08-14/deutsche-bank-becomes-europes-first-non-chinese-renminbi-clearing-bank</ref> [[UBS]] became the second bank offering [[Panda bond]]s on August 27, 2026.<ref>https://www.ubs.com/global/en/media/display-page-ndp/en-20260827-panda-bond.html</ref>
On August 13, 2026 it was announced that [[Deutsche Bank]] would become the first [[European]] bank to dump the [[dollar]] and settle accounts directly with [[China]] in Chinese currency.<ref>https://www.zerohedge.com/news/2026-08-14/deutsche-bank-becomes-europes-first-non-chinese-renminbi-clearing-bank</ref> Dumping the dollar makes it easier for investors and corporations to avoid [[Russian sanctions]]. [[UBS]] became the second bank offering [[Panda bond]]s on August 27, 2026.<ref>https://www.ubs.com/global/en/media/display-page-ndp/en-20260827-panda-bond.html</ref>
==BRICS+ Reserve Fund==
==BRICS+ Reserve Fund==