by Chris Black
Everyone was willing to go along with whatever the United States did, and let them run the world, as long as they kept the global financial system functioning.
Then, all of a sudden, these Biden Administration retards launched this insane war against Russia.
Asian countries need an alternative to SWIFT, because they have no idea when the US is going to arbitrarily ban them from SWIFT as a result of some action the US doesn’t like.
The first step is setting up alternate infrastructure.
RT:
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 that the new financial system will be used only by ACU member-states, but that others, including sanctioned countries like Syria, could apply for membership. Belarus and Mauritius have already reportedly reached out to the union.