Answer:
ACU stands for Asian Clearing Union. The central of
Banks of Bangladesh, Burma, India,Iran,
Nepal,
Pakistan & Srilanka under an agreement established the above clearing
system for settling payments for current international transaction among the
member countries on Multilateral basis. Under this mechanism all international
monetary transaction between them excluding
those covered by Aid/Loan/Credit shall be either in home currency or in the
currency of the concerned member country or in AMU(Asian Monetary Unit),
the approved currency unit of the mechanism, the value of which is equivalent
to one SDR(Special Drawing Right) allocated by the IMF.
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