The Asian Clearing Union (ACU) was established in December 1974 when the countries in the region were facing settlement difficulties, mainly due to resource constraints.Asian Clearing Union (ACU) is the simplest form of payment arrangements whereby the members settle payments for intra-regional transactions among the participating central banks on a multilateral basis. The ACU is a clearing union among other clearing houses/payments arrangements operating in various regions of the world. The objectives of the ACU are:
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