In an interview with Iran’s Jam Jam, ACU Secretary General Farhad Morsley pointed out that the ACU meeting in Tehran recently made 12 decisions as central bank officials in India and Pakistan confirmed that these decisions are in the interests of Iran and merchants of the country.
Morsley pointed out that one of the most important decisions made is the exchange between Iranian merchants & merchants of the rest of the member states through the currency of rupees so that Iranian merchants can open rupee accounts in specific banks, and will be able to receive funds in rupees, yuan & rubles, as well as in other national currencies of member states.
They will also ditch SWIFT platform and escape the ban on USD.
A new platform called “Iseomer” will be launched, similar to the local “SPAM” platform for electronic financial transactions, and the decision will come into force next month.