SWIFT
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Russia’s Putin signs law on use of digital assets in intl. payments
Tehran, IRNA - Russian President Vladimir Putin has signed a law allowing the use of digital assets in international payments, countering a campaign by the United States and its European allies to cut off Russia from the global financial system.
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Joining BRICS financial system would help Iran mitigate sanctions: Speaker
Tehran, IRNA – Iran’s Parliament Speaker Mohammad Baqer Qalibaf has said that his country’s membership in the BRICS group and its independent financial system would help the Islamic Republic mitigate the effects of the existing banking sanctions imposed by Western states.
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Iran’s SEPAM to replace SWIFT in trade transactions: ACU chief
Tehran, IRNA – The secretary general of the Asian Clearing Union (ACU) says Iran’s financial messaging system SEPAM will replace SWIFT, a dollar-based international system, in trade exchanges between ACU members beginning next month.
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Iran pursuing mutual monetary treaty with trading partners: CBI
Tehran, IRNA – Central Bank of Iran (CBI) announced on Thursday the latest measures in the field of international banking transactions and noted that a bilateral monetary treaty with the four main trading partners is on its agenda.
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Iran, Russia working towards SWIFT-like payments system
Tehran, IRNA – A senior Iranian foreign ministry official said that Tehran and Moscow were working towards making an interbank payments system like the SWIFT as a countermeasure against Western sanctions.
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SCO required to set up Asian Interbank network modeled upon SWIFT
Tehran, Dec 7, IRNA – Shanghai Cooperation Organization (SCO) member states need to set up Asian Interbank network modeled upon SWIFT, the Brussels-based Society for Worldwide Interbank Financial Transaction to regulate free trade and business ties.