The Asian Clearing Union (ACU) confirmed the adoption of the Chinese yuan, Russian ruble and Indian rupee currencies and the creation of an electronic platform to carry out commercial transactions between member states apart from the US dollar and the Swift Association.
In an interview with the Iranian TV, the Secretary-General of the Asian Clearing Union “ACU” Farhad Morsali indicated that the meeting of the Asian Clearing Union in Tehran recently adopted 12 decisions, as officials of the central banks of India and Pakistan confirmed that these decisions are in the interest of Iran and the country’s merchants, according to with the rest of the members.
Morsali indicated that one of the most important decisions taken is the exchange between Iranian merchants and the rest of the member states’ merchants through the rupee currency, so that Iranian merchants can open accounts in rupees in specific banks, noting that the decision will come into force next month.
He added that Iranian merchants will be able to obtain financing in the rupee, yuan and ruble currencies as well as other national currencies of the member states, and get rid of the ban on the dollar and the SWIFT platform.
He stated that a new platform called “Iseomer” will be launched, which is similar to the local “SPAM” platform for electronic financial transactions.