SEPAM ready to replace SWIFT: CBI deputy director
Iranian financial telecommunications system, known as SEPAM, is ready to replace the Society for Worldwide Interbank Financial Telecommunication (SWIFT) in the country’s international financial transactions, the Central Bank of Iran’s (CBI) deputy for modern technologies announced in a meeting on Sunday, Tasnim news agency reported. According to Naser Hakimi, however, there is presently no country who accepts such a replacement in its financial transactions with Iran, which is a big problem. “SEPAM resembles SWIFT and the replacement ...
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