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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 procedural instructions for channeling transactions through the Asian Clearing Union (ACU) (Memorandum ACM) issued on February 17, 2010, as amended from time to time. In terms of paragraph 11 of the Memorandum the minimum amounts and the multiples in whi .....

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