EENI Global Business School & University
Asian Clearing Union (ACU)

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Syllabus of the Subject: Asian Clearing Union (ACU, Master). 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
  6. Asia-Africa Growth Corridor

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 analyse the concept of the Asian Monetary Units

EENI Global Business School & University, Masters

The Subject “ Asian Clearing Union (ACU)belongs to the following Online Higher Education Programs taught by EENI Global Business School:
  1. Masters: Business in Asia, International Business, Foreign Trade, Economic Relations
  2. Doctorates: Asian Business, Global Trade, Ethics, Religion & Business
  3. Course: Hinduism and Business

Learning materials in Master in International Business in English or Study Master Doctorate Business in Spanish Unión de Compensación Asiática Study, Master in International Business in French Union asiatique de compensation Masters Foreign Trade in Portuguese União de Compensação Asiática

Credits of the Subject “Asian Clearing Union”: 0.1 ECTS Credits

E-learning Courses, Diplomas (Foreign Trade)

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

Example of the Subject - Asian Clearing Union (ACU):
e-Course: Asian Clearing Union (ACU)





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Description of the Subject: 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 International 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 Civilisation)
  2. Economic Area of the Buddhist Civilisation
  3. Hindu Economic Area

Indian Free Trade Agreements: Sri Lanka, Thailand, Indonesia, Singapore, ASEAN, South Korea, European Union, New Zealand, Africa-India, Mauritius, Canada, Australia, Gulf Cooperation Council, SACU, SAARC, BIMSTEC, IORA, APTA, EFTA, Chile, MERCOSUR, Andean Community...

Pakistani Trade Agreements: China, Mauritius, ASEAN, Economic Cooperation Organisation, SAARC, TPS-OIC, GSP

  1. Almaty-Bishkek Economic Corridor
  2. Eurasian Land Transport Initiative (Silk Road)


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