Asian Clearing Union to adopt SWIFT alternative
Gesara.news » News » Asian Clearing Union to adopt SWIFT alternativeNews Date: June 1, 2023
Within the coming weeks, ACU member states plan to introduce the Iranian-developed system.
During a recent summit in Iran, the members of the Asian Clearing Union (ACU) decided to compete with the SWIFT global payment network by launching a new cross-border financial messaging system in June.
ACU members include the central banks of Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, Sri Lanka, Myanmar, and Iran.
According to reports, the new, unnamed method for banking communication among ACU members was designed by the Central Bank of Iran (CBI).
Along with the top representatives from the ACU member states, the conference also included the governor of the Russian central bank, representatives from Afghanistan, and Belarus.
Last week, applications for membership in the ACU were submitted by Belarus and Mauritius.
Mohammad Reza Farzin, the governor of the CBI, disclosed that the bloc would look to expand its membership and vary the payment methods it accepts in order to support a more comprehensive de-dollarization drive.
The executive order calls for new regulations under Section 230 of the Communications Decency Act to make it so that social media companies that engage in censoring any political conduct will not be able to keep their liability shield, the president said.
This is one of the best macro setups in history for Gold & Silver.
Precious metals will see dramatic wealth enhancement when inherently false & corrupt systems and currencies collapse under their own weight.
More money creation is just a masked form of bankruptcy in which default is "avoided" at the expense of the underlying currencies.
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Quantum Information Science (QIS) emerges from a deeper consideration of how quantum physics (our description of the world at the microscopic level) has implications for information science.
The National Quantum Initiative Act (NQI Act) was signed into law by President Trump on December 21, 2018 to accelerate quantum research and development for the economic and national security of the United States.
Gold and silver prices are sure to rise in the run-up to full implementation of Basel 3 regulations as the metals become a risk-free tier 1 asset with liquidity equal to cash and financial establishments mandated to hold more physical leverage against debt.
Basel III implementation is just weeks away, ahead of the historic impact of unallocated position limit restrictions on the suppression of the gold and silver price.