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Settlement System under Asian Clearing Union (ACU)

FEMA - 81 - Dated:- 30-6-2016 - RBI/2015-16/441 A.P. (DIR Series) Circular No. 81 June 30, 2016 To All Authorised Dealer Category-I Banks Madam / Sir, Attention of Authorised Dealer Category-I Banks is invited to the A.P. (DIR Series) Circular No. 43 dated December 26, 2008, giving participants in ACU mechanism the option to settle their transactions either in ACU Dollar or in ACU Euro . The 'ACU Dollar' and 'ACU Euro' is equivalent in value to one US Dollar and one Euro, respect .....

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