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Memorandum of Procedure for channeling transactions through Asian Clearing Union (ACU)

FEMA - 72 - Dated:- 26-5-2016 - RBI/2015-16/411 A.P. (DIR Series) Circular No.72 May 26, 2016 To All Authorised Dealer Category-I Banks Madam / Sir, Attention of Authorised Dealer Category-I Banks is invited to the Memorandum containing detailed proc .....

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ch Reserve Bank receives and pays U.S. Dollar/ Euro is $ 25,000/ € 25,000 and $ 1,000/ € 1,000, respectively. 2. In view of the understanding reached amongst the members of the ACU during the 44rth Meeting of the ACU Board of Directors in J .....

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