Members of the Asian Clearing Union (ACU) – a nine-strong group of central banks including those of India, Pakistan and Iran – are to launch a new cross-border financial messaging system in the coming weeks, as an alternative to the main existing international network Swift.
Summary
https://www.theinteldrop.org/2023/06/01/nine-asian-central-banks-to-adopt-swift-alternative/
https://www.forbes.com/sites/dominicdudley/2023/05/26/iran-urges-asian-partners-to-drop-the-dollar-from-bilateral-trade/?sh=38029e8320dc