Asian Clearing Union (ACU)

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

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

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

To understand the aims and functions of the Asian Clearing Union
To assess the benefits for the Asian Clearing Union member countries
To analyse the concept of the Asian Monetary Units

The Subject “ Asian Clearing Union (ACU)” is part of the following Online Higher Education Programs taught by EENI:

Masters: Business in Asia, International Business, Foreign Trade, Economic Relations
Doctorates: Asian Business, Global Trade, Ethics, Religion & Business
Course: Hinduism and Business

Learning materials in or Unión de Compensación Asiática Union asiatique de compensation União de Compensação Asiática

Credits of the Subject “Asian Clearing Union”: 0.1

E-learning Courses, Diplomas (Foreign Trade)

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

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

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Paterson Ngatchou: EENI Academic Coordinator for Anglophone Countries

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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).

The Economic and Social Commission for Asia and the Pacific (ESCAP) founded the Asian Clearing Union (ACU)
Since the beginning of the Asian Clearing Union, the international transactions have experienced a remarkable growth
Recently, a total of transactions (one way plus accumulated interest) amounted to USD 15,830 million (31.4% growth compared to the previous year)
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.
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
The Central Bank of Iran is the central agent for the Asian Clearing Union (ACU)

The Asian Clearing Union (ACU) belongs to:

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