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Asian Clearing Union (ACU)



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Syllabus of the Subject: Asian Clearing Union (ACU). Asian Monetary Units.

  1. Introduction to the Asian Clearing Union (ACU);
  2. Objectives of the Asian Clearing Union;
  3. Participating members: Bangladesh, Bhutan, India, Iran, Myanmar, the Maldives, Nepal, Pakistan, and Sri Lanka;
  4. Achievements of the Asian Clearing Union;
  5. Asian Monetary Units.

The objectives of the subject “Asian Clearing Union (ACU)” are the following:

  1. To understand the aims and functions of the Asian Clearing Union;
  2. To assess the benefits for the Asian Clearing Union member countries;
  3. To analyze the concept of the Asian Monetary Units.

Sample:
Asian Clearing Union (ACU):
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The Subject “Asian Clearing Union (ACU)” belongs to the following Online Higher Educational Programs taught by EENI Global Business School:

Masters (MIB): International Business, Foreign Trade.

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Doctorate (DIB): Asian Business, World Trade.

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Masters and Doctorate in International Business for the Students from Bangladesh Online Master / Doctorate in International Business, Foreign Trade Bangladesh, Bhutan, Masters, Doctorate, Courses, International Business, Foreign Trade Bhutan, India, Masters, Doctorate, Courses, International Business, Foreign Trade India, Iran, Masters, Doctorate, Courses, International Business, Foreign Trade Iran, Myanmar Online Master / Doctorate in International Business, Foreign Trade Myanmar, the Maldives, Masters, Doctorate, Courses, International Business, Foreign Trade Maldives, Nepal, Online Masters, Doctorate, Foreign Trade, Global Business Nepal, Pakistan, Masters, Doctorate, Courses, International Business, Foreign Trade Pakistan and Sri Lanka, Masters, Doctorate, Courses, International Business, Foreign Trade Sri Lanka.

Mission of the Asian Clearing Union (ACU)

Asian Clearing Union (ACU).

The Asian Clearing Union (ACU) is an agreement that facilitates the payments between the ACU member states; it applies to the international payments for intra-regional transactions of the Foreign Trade among the participating central banks.

The main objectives are to facilitate the international payments among the member countries for the eligible transactions.

The Asian Clearing Union (ACU) members are Bangladesh, Bhutan, India, Iran, Myanmar, the Maldives, Nepal, Pakistan, and Sri Lanka (Asia).

  1. The Economic and Social Commission for Asia and the Pacific (ESCAP) founded the Asian Clearing Union (ACU);
  2. Since the beginning of the Asian Clearing Union, the international transactions have experienced a remarkable growth;
  3. Recently, a total of transactions (one way plus accumulated interest) amounted to USD 15,830 million (31.4% growth compared to the previous year);
  4. Based on the approval of the Board of Directors of the Asian Clearing Union, the accounts of the Asian Clearing Union (ACU) are held in “Asian Monetary Units,” comprising ACU dollar and ACU euro with effect from 2009;
  5. The Board of Directors may make agreements with a Central Bank or the monetary authority of a participant to supply the necessary services and facilities for clearing facility operation;
  6. The Central Bank of Iran is the central agent for the Asian Clearing Union (ACU).

The Asian Clearing Union (ACU) belongs to:

  1. Central Eurasian Economic Area (Islamic Civilization);
  2. Buddhist Economic Area;
  3. Hindu Economic Area.

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