Not sure uninvolved parties (ASEAN, African Union, Arab League, ex-UNASUR) are going to be too keen to store significant foreign reserves in USD/Euro given that the seizing of interest payments is apparently something that’s in the cards.
I guess there’s a reason Saudi Arabia is looking at mBridge… Surely the West can’t be happy with what they’ve been doing in Yemen.
If the war is important, the US and Europe should actually fund it instead of looking for pennies behind couch cushions.