ARGO IS NOW FACILITATING FUNDING OF NIGERIAN SMALL AND MEDIUM ENTERPRISES DEVELOPMENT PROJECTS

Russia precipitates the abandonment of SWIFT among the BRICS by Ariel Noyola Rodríguez

After the reintegration of Crimea in Russian territory, the United States has pressured regulatory authorities of the European Union to restrict the access of Russia to SWIFT, the system of international payment founded by 200 Anglo-Saxon banks in the decade of the 1970s. In response, the government of Vladimir Putin has established an alternative system of payments that has already begun to extend its operations among Russian banks and, let it be said in passing, has served as an inspiration for China as well as the other countries that make up BRICS.Ads by YontooAd OptionsVoltaire Network | Mexico City (Mexico) | 6 October 2015françaisEspañolNederlandsitalianoрусскийPortuguêsDeutschAds by DNSUnlockerAd OptionsThe unipolarity of the United States in the world financial system is rapidly fading. As a consequence of their political near-sightedness, Washington has obliged other countries to establish instruments of financial cooperation that abandon the use of the dollar, as well as multilateral institutions that are no longer guided by the rules imposed by the US Treasury Department [1].The fact is that finances and money have been utilized as instruments of foreign policy, that is, as mechanisms of global domination that look to undermine both geopolitical adversaries (Russia) as well as rising economic powers (China) that resist submitting themselves to the North American yoke.Faced with the impossibility of establishing their strategic objectives through diplomacy, the United States is engaged in a financial war, either through economic embargoes, speculative attacks, freezing bank accounts of politicians and businessmen, etc.In open violation of the principles of international law, Washington aims its artillery at countries that make up the so-called “axis of evil”: North Korea, Iran, Syria, Sudan, etc. Their modus operandi consists in strangulating the economy of the country involved in order to provoke a change of regime [2].Now this same strategy is directed against the Government of Vladimir Putin. After the reintegration of the Republic of Crimea and the city of Sevastopol to Russian territory –upheld in the referendum celebrated in March of 2014– the United States, the United Kingdom and Poland pressured the European Union to expel Russia from the Society of World Interbank Financial Telecommunications (SWIFT) [3].Founded in 1973 in the city of Brussels, Belgium, SWIFT is an international system of communications that allow banks to realize electronic transferences among themselves. Before its establishment, financial entities were limited to communicate through Telex and bilateral telephone systems.In this sense, SWIFT constituted a high level technological advance, given that it allowed both an increase in the speed of trade and world investment, as well as diminishing the costs of transaction in an unprecedented scale.At the present time, SWIFT is utilized by 10,500 banks – above all US and European – in more than 200 countries. In their day of greatest apogee in 2015 they processed 27.5 million orders of payment.SWIFT is a “technical” mechanism, purely “neutral” according to the magnates of Wall Street and the City of London. Nevertheless, the attacks of September 11 on the Twin Towers led the United States to involve itself in the system of payments: the Treasury Department since then demanded “specific information” with the excuse that they would “monitor” the channels of financing of “terrorist groups”.In this way, with the argument that they were involved in illegal activities the Iranian banks were disconnected from SWIFT three years ago, a situation that left the provision of credit for foreign trade for the Persian country in an awkward predicament.At the same time, Washington opened the way for the National Security Agency (NSA) to be involved. According to the revelations of Edward Snowden ‘Follow the Money’ is the name of the specialized programme of the NSA that is charged with spying on the global financial system [4].The following [of money] realized by the personnel of the NSA ended with the establishment of a data base ‘TRACFIN’ that in 2011 contained at least 180 million registers of operations among banks, credit card transactions and, obviously, thousands of messages in the SWIFT system.Hence the United States undertook a quasi monopolistic control of the system of international payments in order to asphyxiate their rivals. To date the disconnection of SWIFT had not been implemented against Russia because of a “lack of authority” on the part of the regulatory authorities. It is one thing to chastise a regional power, and quite another to take on a face to face battle with a world power.With all that, the constant threats from the United States and their European allies led the Government of Vladimir Putin to establish an alternative system of payments. More than 90% of the Russian banks operations are cross-border, so that if the expulsion of Moscow from the SWIFT system were realized, the consequences for the world economy would have been catastrophic [5].The principal Russian banks (Sberbank, VTB, Gazprombank, Bank of Moscow, Rosselkhozbank, etc.) have already entered bilateral agreements and fully use the new system of payments, according to Olga Skorobogatova, the vice-governor of the central bank [6].The new system of transactions diminished the costs in comparison with SWIFT, and more importantly, gave Moscow greater political autonomy and economic security in case of a new rise in sanctions. In addition, the Russian initiative unleashed the construction of alternative systems of payment in other parts of the world.On the one hand, China is ready to move in coming weeks with their own system of transactions [7]. On the other, the members of BRICS (Brazil, Russia, India, China and South Africa) are discussing the possibility of launching a multilateral system of payments, that is, that not only Russia and China would benefit, but the system of payments would undertake operations among all members of the block [8].The plan orchestrated from Washington and Brussels against Russia ended with a ‘boomerang effect’, since it not only involved the expulsion from SWIFT, but Moscow established an alternative system that completely neutralized the attempts of destabilization and in parallel, served as the inspiration for the BRICS countries and will soon serve the majority of emerging economies.

REALITY OF HASSAN GHANI JOURNALIST

Divide Pakistan To Eliminate Terrorism - An Ex-Pakistani Demands

SYED JAMALUDDIN'S HISTORIC VIDEO PRESENTATION OF FEBRUARY 2007 IN WHICH HE HAD ANALYSED THE ENTIRE THEME OF ''TERRORISM'' AND PAKISTAN'S INVOLVEMENT IN SPREAD OF TERRORISM. HIS THOROUGH ARGUMENTS HAVE BEEN PROVED TO BE 100% CORRECT WITH THE PASSAGE OF TIME. EVEN WESTERN COUNTRIES INCLUDING USA AND COUNTRIES OF EUROPEAN UNION TOOK SYED JAMALUDDIN'S ADVICE IN THE MATTER OF IRAN. IN THE SAID VIDEO PRESENTATION, SYED JAMALUDDIN HAD EMPHASIZED THAT IRAN WAS NOT A THREAT. HE EMPHASIZED THAT ITS PAKISTAN WHICH IS THE REAL THREAT. RECENTLY, AMERICANS AND EUROPEANS REALIZED THAT WHAT SYED JAMALUDDIN HAD ANALYSED ABOUT IRAN WAS CORRECT. HENCEFORTH, AMERICANS/EUROPEANS RECENTLY SHOOK HANDS WITH IRAN IN THEIR NEGOTIATIONS WITH IRAN TO LIFT ECONOMIC SANCTIONS AND NOW FOCUSED MORE ON PUTTING PRESSURE ON PAKISTAN TO ELIMINATE TERRORISM WHILE PAKISTAN IS STILL USING ITS SOIL FOR SPREAD OF TERRORISM ALL OVER THE WORLD. PAKISTAN IS STILL EPICENTRE OF TERRORISM. IN THE SAME VIDEO, SYED JAMALUDDIN HAD EXPOSED THE REALITY OF TABLIGHI JAMAAT AS WELL AS HYPOCRISY OF SAUDI KINGDOM. NOT ONLY THIS, HE ANALYSED THE MAKING OF PAKISTAN AND PROVED PAKISTAN'S MAKING AS A GREAT BLUNDER. EVEN TODAY IN 2015, SYED JAMALUDDIN'S ANALYSIS OF FEBRUARY 2007 ARE STILL VALID. THE WAY SYED JAMALUDDIN HAS ANALYSED THE REASONS BEHIND MAKING OF BANGLADESH, THE SAME ANALYSIS CAN STILL BE APPLIED TO THE CURRENT SITUATION IN KARACHI.

SYED JAMALUDDIN´S HISTORIC AUDIO MESSAGE OF SEPTEMBER 2010 ON IMRAN FARO...

CROWDFUNDING MECHANISM EXPLAINED

SPECIMEN OF MT998 SUB MT110 (ADVICE OF CERTIFIED DRAFT/BANK DRAFT/TIME DRAFT)

THE FOLLOWING VERSION IS FOR UNDERSTANDING PURPOSE ONLY AND SHOULD NOT BE CONSTRUED AS AN ACTUAL MESSAGE. ----------------------------------Instance Type and Transmission--------------------------- S.W.I.F.T. : FIN MT998 Notification (Transmission) : of original sent to SWIFT (ACK) Network Delivery Status : Network Ack Priority / Delivery : Normal Message Output Reference : - _______/_______/ XXXXXXX / ________________ SRCRTE: ________ : DEST RTE: _________ ------------------------- Message Header -------------------------------- SWIFT INPUT: FIN MT998 PROPRIETARY MESSAGE RE: ADVICE OF A CERTIFIED DRAFT ***SENDER : UOVBSGSG : UNITED OVERSEAS BANK LIMITED : 80 RAFFLES PLACE, UOB PLAZA, SINGAPORE 048624 ***RECEIVER: SCSBTWTP027 : TIGER SMART ASIA LIMITED : TAIPEI, TAIWAN, ROC ---------------------------NARRATIVE: MT998 --------------------------------- TRN 20: *** 12:SUB-MESSAGE TYPE: MT110 *** 27: SEQUENCE OF TOTAL 2/2 *** 21: TRANSACTION CODE : *** CURRENCY CODE : CDN *** AMOUNT IN WORDS : 50,000,000 *** 32B: REISSUED ON : 31.07.2015 *** 31D: MATURITY ON : 31.07.2016 *** 59: BENEFICIARY : HANA BRIGHT INTERNATIONAL LIMITED/ZANETTI DAVIDE WITHOUT ANY RISK AND / OR RESPONSIBILITY ON THE PART OF UCO BANK, WE, UCO BANK, 3 RAFFLES PLACE NO: 01-01, BHARAT BUILDING, SINGAPORE 048617, HEREBY RELAY TO YOU THE FOLLOWING MESSAGE RECEIVED FROM CENTURY BANCORP CANADA, 204-5775 DES GRANDES PRAIRIES BLVD., MONTREAL, QUEBEC, CANADA H1R 2B3. PLEASE DELIVER BELOW-QUOTED MESSAGE TO ITS RECIPIENT M/S TIGER SMART ASIA LIMITED : SENDER BANK BANK NAME : UNITED OVERSEAS BANK LIMITED BANK ADDRESS : 80 RAFFLES PLACE, UOB PLAZA, SINGAPORE 048624 SWIFT CODE : UOVBSGSG 79 NARRATIVE: UPON RECEIPT OF THIS SWIFT KINDLY INFORM YOUR BENEFICIARY TIGER SMART ASIA LIMITED RECEIVER BANK: BANK NAME : THE SHANGHAI COMMERCIAL & SAVINGS BANK LTD BANK ADDRESS : TAIPEI, TAIWAN, ROC ACCOUNT NAME : TIGER SMART ASIA LIMITED ACCOUNT NUMBER : 27 - 108 - 000330426 BANK OFFICER NAME : MR MARTIN LIN BANK TEL. NO. : + 886 - SWIFT CODE : SCSBTWTP027 WE, CENTURY BANCORP CANADA, WITH OFFICIAL BUSINESS ADDRESS AT 204-5775 DES GRANDES PRAIRIES BLVD., MONTREAL, QUEBEC, CANADA H1R 2B3, HEREBY CONFIRM WITH FULL BANK RESPONSIBILITY THAT, WE HAVE ISSUED ONE (1) CERTIFIED DRAFT WITH SERIAL NUMBER: 001140457200448672001 IN THE AMOUNT OF CANADIAN DOLLARS (CDN) FIFTY MILLION (CDN 50,000,000.00) IN FAVOUR OF HANA BRIGHT INTERNATIONAL LIMITED/ZANETTI DAVIDE EFFECTIVE ON 31.07.2015, WITH A MATURITY DATE OF 31.07.2016 BEING ONE (1) YEAR FROM DATE OF ISSUE. TOTAL FACE VALUE IS CDN 50,000,000. WE FURTHER CONFIRM WITH FULL BANK RESPONSIBILITY THAT WE ARE READY, WILLING AND ABLE TO TRANSMIT THE HARD COPY OF THE CERTIFIED DRAFT BY BANK BONDED COURIER TO YOU, AND WE ISSUE OUR GUARANTEE FOR SAID CERTIFIED DRAFT AS FOLLOWS: WE, CENTURY BANCORP CANADA, WITH OFFICIAL BUSINESS ADDRESS AT 204-5775 DES GRANDES PRAIRIES BLVD., MONTREAL, QUEBEC, CANADA H1R 2B3, HEREBY ISSUE OUR IRREVOCABLE, UNCONDITIONAL, TRANSFERABLE, ASSIGNABLE CERTIFIED DRAFT, AND WITHOUT PROTEST OR NOTIFICATION, PROMISE TO PAY AGAINST SAID CERTIFIED DRAFT TO THE ORDER HANA BRIGHT INTERNATIONAL LIMITED/ZANETTI DAVIDE, THE BEARER, OR HOLDER THEREOF, AT MATURITY THE SUM OF CDN FIFTY MILLION (CDN 50,000,000.00) UPON PRESENTATION AND SURRENDER OF THE ORIGINAL OF CERTIFIED DRAFT AT OUR COUNTERS AT 204-5775 DES GRANDES PRAIRIES BLVD., MONTREAL, QUEBEC, CANADA H1R 2B3. SUCH PAYMENT SHALL BE MADE WITHOUT SET-OFF AND FREE AND CLEAR OF ANY DEDUCTIONS, CHARGES, FEES, OR WITHHOLDING OF ANY NATURE PRESENTLY OR IN THE FUTURE, IMPOSED, LEVIED, COLLECTED, WITHHELD OR ASSESSED BY THE GOVERNMENT OF CANADA OR ANY POLITICAL SUBDIVISION OR AUTHORITY AND THEREIN AND THEREOF. THE CERTIFIED DRAFT HEREIN IS ASSIGNABLE, AND TRANSFERABLE WITHOUT PRESENTATION OF IT TO US NOR THE PAYMENT OF ANY TRANSFER FEES OR CHARGES. THE CERTIFIED DRAFT HEREIN IS GOVERNED BY THE UNIFORM CUSTOMS AND PRACTICE FOR BANK DRAFTS AS SET FORTH BY THE INTERNATIONAL CHAMBER OF COMMERCE, PARIS, FRANCE, PUBLICATION NO. 600 (LATEST REVISION). THE CERTIFIED DRAFT HEREIN SHALL BE GOVERNED BY AND SHALL BE CONSTRUED IN ACCORDANCE WITH BRITISH COMMON LAW. WE REQUIRE YOUR CONFIRMATION THAT YOU ARE READY TO RECEIVE SAID CERTIFIED DRAFT ON BEHALF OF YOUR CLIENT. THIS BANK CONFIRMATION IS CALLABLE AT THE AGREED DATE OF MATURITY AND IS VALID FOR ONE (1) YEAR FROM THE DATE OF ISSUE OF CERTIFIED DRAFT AND MAY BE VERIFIED ON BANK-TO-BANK BASIS. FOR AND ON BEHALF OF: CENTURY BANCORP CANADA ----------------------------------- MESSAGE TRAILER -------------------------------- UCO BANK DOES NOT BEAR ANY RISK, LIABILITY, OBLIGATIONS, RESPONSIBILITY AND/OR UNDERTAKINGS RELATED TO THE ISSUANCE OF CERTIFIED DRAFT ISSUED BY CENTURY BANCORP CANADA AS MENTIONED IN THE ABOVE MESSAGE. BEST REGARDS: