[Asian Clearing Union to launch a new cross-border financial settlement system]-Today, Russian television quoted Iran's Le Monde newspaper as saying that the Asian Clearing Union will launch a new cross-border financial settlement system in June as an alternative to the Global Association for Interbank Financial Communications (SWIFT) system. Karimi, deputy governor of the Central Bank of Iran, said that the new settlement system can completely replace the Global Interbank Financial Communications Association system and promote the global de-dollarization process. The new system will be used only by members of the Asian Clearing Union, but other countries can also apply to join.