Asia has alternative to SWIFT – media ...News

The global shift away from the Western-based payment network, now used as a sanctions tool, has been gathering pace The Asian Clearing Union (ACU) – a nine-member group of central banks including those of India, Pakistan and Iran – has decided to launch a new cross-border financial messaging system in June, as an alternative to SWIFT, according to the Iranian newspaper Kayhan. The daily cited Central Bank of Iran deputy governor Mohsen Karimi as saying the new payment system is capable of completely replacing SWIFT and could facilitate the global de-dollarization push. The regulator reportedly stated last week tha

Hence then, the article about asia has alternative to swift media was published today ( Thursday 01/06/2023 - 08:28 AM ) and is available on Russia Today ( News ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Asia has alternative to SWIFT – media )

Also on site :

• China's First Domestic Anti-CTLA-4 Monoclonal Antibody, Innovent's TABOSUN® (Ipilimumab N01 Injection) Received NMPA Approval
• Goldman Sachs expects layoffs to keep rising—and says investors are punishing the stocks of companies that slash staff
• Prominent Canadian Musician Says Gig Was Cancelled After Google AI Overview Wrongly Branded Him Sex Pest