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Participants in Asian Clearing Union will have option to settle transaction in ACU Dollar or ACU Euro or ACU Yen

March 18, 2020
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In order to facilitate transactions/ settlements effective from March 06, 2020, participants in Asian Clearing Union will have option to settle their transactions either in ACU dollar or ACU Euro or ACU Japanese Yen. Further AD banks are allowed to open and maintain ACU Dollar, ACU Euro and ACU Japanese Yen accounts with their correspondent banks in other participating countries. All eligible payments are required to be settled by the concerned banks through these accounts.
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taxmann.com
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