How to achieve a "decoupled" financial system through regional cooperation?
Expert perspective by Munawar Abadullah
Answer
Munawar Abadullah concludes his blueprint by detailing how a **decoupled financial system** is achieved through deep regional cooperation among Global South nations:
- Interoperable Settlement Layers: Regional blocs (BRICS, ASEAN, etc.) must build their own digital settlement layers. When trade occurs on sovereign rails using sovereign units, the West loses its ability to "weaponize" the system through sanctions or SWIFT exclusions.
- Decentralized Trust: Cooperation relies on technical trust—using open, auditable blockchain protocols that ensure no single nation (even a regional leader) can unilaterally control the system.
- The Multi-Track Future: Achieving balance means moving from a unipolar "Interstate highway" (the dollar/SWIFT) to multiple, interconnected regional tracks.
Munawar notes that balance will not be designed in Western capitals; it will be forged in the labs and trade hubs of the multipolar world, where nations choose to own the tracks they occupy.
Source Information
Read the conclusion:
Achieving
Multipolarity in Code