Bangladesh Bank Governor Atiur Rahman took over the charge as the chairman of the Asian Clearing Union (ACU) yesterday for the year 2015-216.

He replaced ValiollahSeif, governor of the Central Bank of the Islamic Republic of Iran at the 44th ACU board meeting held at a city hotel yesterday.

BB governor will hold the key position at the Asian Clearing Union for one-year term. The Asian Clearing Union, established in 1974 under the auspices of UNESCAP, began its operation in November 1975.

Than Swe, governor Central Bank of Myanmar has also been elected for the year 2016-2017 at the meeting and the next governors’ symposium will be held at the Myanmar as per board meeting decision.

ACU is the simplest form of payment arrangements whereby the participants settle payments for intra-regional transactions among the participating central banks on a multilateral basis.

The main objectives of a clearing union are to facilitate payments among member countries for eligible transactions, thereby economising on the use of foreign exchange reserves and transfer costs, as well as promoting trade among the participating countries.

Currently, nine central banks – Bangladesh, Bhutan, Iran, India, Maldives, Nepal, Pakistan, Sri Lanka and Myanmar – are the members of the ACU. Afganistan Bank, which attended the meeting as an observer, will formally join the union as a member in next year. 

Governors of Central Bank of Iran, Royal Monetary Authority of Bhutan, Nepal Rastra Bank, State Bank of Pakistan, Deputy Governors of Reserve Bank of India, Central Bank of Myanmar, and Central Bank of Sri Lanka.

Bangladesh Bank Governor AtiurRahman presided over the meeting. 

Economic performance of the ACU member countries rose significantly to US$20.35bn in the year 2014 from $51.44m in the 1976. 

“The Board discussed the recommendations of the Standing Technical Committee meeting like re-opening the issue of use of domestic currency in ACU mechanism, implementation of web-based application for ACU messaging, setting up taskforce for dispute resolution, unauthorized transactions through ACU mechanism,” SK Sur Chowdhury, deputy governor of BB told the reporters after the meeting. 

Bangladesh Bank Governor Atiur Rahman took over the charge as the chairman of the Asian Clearing Union (ACU) yesterday for the year 2015-216.

He replaced ValiollahSeif, governor of the Central Bank of the Islamic Republic of Iran at the 44th ACU board meeting held at a city hotel yesterday.

BB governor will hold the key position at the Asian Clearing Union for one-year term. The Asian Clearing Union, established in 1974 under the auspices of UNESCAP, began its operation in November 1975.

Than Swe, governor Central Bank of Myanmar has also been elected for the year 2016-2017 at the meeting and the next governors’ symposium will be held at the Myanmar as per board meeting decision.

ACU is the simplest form of payment arrangements whereby the participants settle payments for intra-regional transactions among the participating central banks on a multilateral basis.

The main objectives of a clearing union are to facilitate payments among member countries for eligible transactions, thereby economising on the use of foreign exchange reserves and transfer costs, as well as promoting trade among the participating countries.

Currently, nine central banks – Bangladesh, Bhutan, Iran, India, Maldives, Nepal, Pakistan, Sri Lanka and Myanmar – are the members of the ACU. Afganistan Bank, which attended the meeting as an observer, will formally join the union as a member in next year. 

Governors of Central Bank of Iran, Royal Monetary Authority of Bhutan, Nepal Rastra Bank, State Bank of Pakistan, Deputy Governors of Reserve Bank of India, Central Bank of Myanmar, and Central Bank of Sri Lanka.

Bangladesh Bank Governor AtiurRahman presided over the meeting. 

Economic performance of the ACU member countries rose significantly to US$20.35bn in the year 2014 from $51.44m in the 1976. 

“The Board discussed the recommendations of the Standing Technical Committee meeting like re-opening the issue of use of domestic currency in ACU mechanism, implementation of web-based application for ACU messaging, setting up taskforce for dispute resolution, unauthorized transactions through ACU mechanism,” SK Sur Chowdhury, deputy governor of BB told the reporters after the meeting. 

Bangladesh Bank Governor Atiur Rahman took over the charge as the chairman of the Asian Clearing Union (ACU) yesterday for the year 2015-216.

He replaced ValiollahSeif, governor of the Central Bank of the Islamic Republic of Iran at the 44th ACU board meeting held at a city hotel yesterday.

BB governor will hold the key position at the Asian Clearing Union for one-year term. The Asian Clearing Union, established in 1974 under the auspices of UNESCAP, began its operation in November 1975.

Than Swe, governor Central Bank of Myanmar has also been elected for the year 2016-2017 at the meeting and the next governors’ symposium will be held at the Myanmar as per board meeting decision.

ACU is the simplest form of payment arrangements whereby the participants settle payments for intra-regional transactions among the participating central banks on a multilateral basis.

The main objectives of a clearing union are to facilitate payments among member countries for eligible transactions, thereby economising on the use of foreign exchange reserves and transfer costs, as well as promoting trade among the participating countries.

Currently, nine central banks – Bangladesh, Bhutan, Iran, India, Maldives, Nepal, Pakistan, Sri Lanka and Myanmar – are the members of the ACU. Afganistan Bank, which attended the meeting as an observer, will formally join the union as a member in next year. 

Governors of Central Bank of Iran, Royal Monetary Authority of Bhutan, Nepal Rastra Bank, State Bank of Pakistan, Deputy Governors of Reserve Bank of India, Central Bank of Myanmar, and Central Bank of Sri Lanka.

Bangladesh Bank Governor AtiurRahman presided over the meeting. 

Economic performance of the ACU member countries rose significantly to US$20.35bn in the year 2014 from $51.44m in the 1976. 

“The Board discussed the recommendations of the Standing Technical Committee meeting like re-opening the issue of use of domestic currency in ACU mechanism, implementation of web-based application for ACU messaging, setting up taskforce for dispute resolution, unauthorized transactions through ACU mechanism,” SK Sur Chowdhury, deputy governor of BB told the reporters after the meeting. 

Bangladesh Bank Governor Atiur Rahman took over the charge as the chairman of the Asian Clearing Union (ACU) yesterday for the year 2015-216.

He replaced ValiollahSeif, governor of the Central Bank of the Islamic Republic of Iran at the 44th ACU board meeting held at a city hotel yesterday.

BB governor will hold the key position at the Asian Clearing Union for one-year term. The Asian Clearing Union, established in 1974 under the auspices of UNESCAP, began its operation in November 1975.

Than Swe, governor Central Bank of Myanmar has also been elected for the year 2016-2017 at the meeting and the next governors’ symposium will be held at the Myanmar as per board meeting decision.

ACU is the simplest form of payment arrangements whereby the participants settle payments for intra-regional transactions among the participating central banks on a multilateral basis.

The main objectives of a clearing union are to facilitate payments among member countries for eligible transactions, thereby economising on the use of foreign exchange reserves and transfer costs, as well as promoting trade among the participating countries.

Currently, nine central banks – Bangladesh, Bhutan, Iran, India, Maldives, Nepal, Pakistan, Sri Lanka and Myanmar – are the members of the ACU. Afganistan Bank, which attended the meeting as an observer, will formally join the union as a member in next year. 

Governors of Central Bank of Iran, Royal Monetary Authority of Bhutan, Nepal Rastra Bank, State Bank of Pakistan, Deputy Governors of Reserve Bank of India, Central Bank of Myanmar, and Central Bank of Sri Lanka.

Bangladesh Bank Governor AtiurRahman presided over the meeting. 

Economic performance of the ACU member countries rose significantly to US$20.35bn in the year 2014 from $51.44m in the 1976. 

“The Board discussed the recommendations of the Standing Technical Committee meeting like re-opening the issue of use of domestic currency in ACU mechanism, implementation of web-based application for ACU messaging, setting up taskforce for dispute resolution, unauthorized transactions through ACU mechanism,” SK Sur Chowdhury, deputy governor of BB told the reporters after the meeting. 

Bangladesh Bank Governor Atiur Rahman took over the charge as the chairman of the Asian Clearing Union (ACU) yesterday for the year 2015-216.

He replaced ValiollahSeif, governor of the Central Bank of the Islamic Republic of Iran at the 44th ACU board meeting held at a city hotel yesterday.

BB governor will hold the key position at the Asian Clearing Union for one-year term. The Asian Clearing Union, established in 1974 under the auspices of UNESCAP, began its operation in November 1975.

Than Swe, governor Central Bank of Myanmar has also been elected for the year 2016-2017 at the meeting and the next governors’ symposium will be held at the Myanmar as per board meeting decision.

ACU is the simplest form of payment arrangements whereby the participants settle payments for intra-regional transactions among the participating central banks on a multilateral basis.

The main objectives of a clearing union are to facilitate payments among member countries for eligible transactions, thereby economising on the use of foreign exchange reserves and transfer costs, as well as promoting trade among the participating countries.

Currently, nine central banks – Bangladesh, Bhutan, Iran, India, Maldives, Nepal, Pakistan, Sri Lanka and Myanmar – are the members of the ACU. Afganistan Bank, which attended the meeting as an observer, will formally join the union as a member in next year. 

Governors of Central Bank of Iran, Royal Monetary Authority of Bhutan, Nepal Rastra Bank, State Bank of Pakistan, Deputy Governors of Reserve Bank of India, Central Bank of Myanmar, and Central Bank of Sri Lanka.

Bangladesh Bank Governor AtiurRahman presided over the meeting. 

Economic performance of the ACU member countries rose significantly to US$20.35bn in the year 2014 from $51.44m in the 1976. 

“The Board discussed the recommendations of the Standing Technical Committee meeting like re-opening the issue of use of domestic currency in ACU mechanism, implementation of web-based application for ACU messaging, setting up taskforce for dispute resolution, unauthorized transactions through ACU mechanism,” SK Sur Chowdhury, deputy governor of BB told the reporters after the meeting. 

Bangladesh Bank Governor Atiur Rahman took over the charge as the chairman of the Asian Clearing Union (ACU) yesterday for the year 2015-216.

He replaced ValiollahSeif, governor of the Central Bank of the Islamic Republic of Iran at the 44th ACU board meeting held at a city hotel yesterday.

BB governor will hold the key position at the Asian Clearing Union for one-year term. The Asian Clearing Union, established in 1974 under the auspices of UNESCAP, began its operation in November 1975.

Than Swe, governor Central Bank of Myanmar has also been elected for the year 2016-2017 at the meeting and the next governors’ symposium will be held at the Myanmar as per board meeting decision.

ACU is the simplest form of payment arrangements whereby the participants settle payments for intra-regional transactions among the participating central banks on a multilateral basis.

The main objectives of a clearing union are to facilitate payments among member countries for eligible transactions, thereby economising on the use of foreign exchange reserves and transfer costs, as well as promoting trade among the participating countries.

Currently, nine central banks – Bangladesh, Bhutan, Iran, India, Maldives, Nepal, Pakistan, Sri Lanka and Myanmar – are the members of the ACU. Afganistan Bank, which attended the meeting as an observer, will formally join the union as a member in next year. 

Governors of Central Bank of Iran, Royal Monetary Authority of Bhutan, Nepal Rastra Bank, State Bank of Pakistan, Deputy Governors of Reserve Bank of India, Central Bank of Myanmar, and Central Bank of Sri Lanka.

Bangladesh Bank Governor AtiurRahman presided over the meeting. 

Economic performance of the ACU member countries rose significantly to US$20.35bn in the year 2014 from $51.44m in the 1976. 

“The Board discussed the recommendations of the Standing Technical Committee meeting like re-opening the issue of use of domestic currency in ACU mechanism, implementation of web-based application for ACU messaging, setting up taskforce for dispute resolution, unauthorized transactions through ACU mechanism,” SK Sur Chowdhury, deputy governor of BB told the reporters after the meeting. 

Bangladesh Bank Governor Atiur Rahman took over the charge as the chairman of the Asian Clearing Union (ACU) yesterday for the year 2015-216.

He replaced ValiollahSeif, governor of the Central Bank of the Islamic Republic of Iran at the 44th ACU board meeting held at a city hotel yesterday.

BB governor will hold the key position at the Asian Clearing Union for one-year term. The Asian Clearing Union, established in 1974 under the auspices of UNESCAP, began its operation in November 1975.

Than Swe, governor Central Bank of Myanmar has also been elected for the year 2016-2017 at the meeting and the next governors’ symposium will be held at the Myanmar as per board meeting decision.

ACU is the simplest form of payment arrangements whereby the participants settle payments for intra-regional transactions among the participating central banks on a multilateral basis.

The main objectives of a clearing union are to facilitate payments among member countries for eligible transactions, thereby economising on the use of foreign exchange reserves and transfer costs, as well as promoting trade among the participating countries.

Currently, nine central banks – Bangladesh, Bhutan, Iran, India, Maldives, Nepal, Pakistan, Sri Lanka and Myanmar – are the members of the ACU. Afganistan Bank, which attended the meeting as an observer, will formally join the union as a member in next year. 

Governors of Central Bank of Iran, Royal Monetary Authority of Bhutan, Nepal Rastra Bank, State Bank of Pakistan, Deputy Governors of Reserve Bank of India, Central Bank of Myanmar, and Central Bank of Sri Lanka.

Bangladesh Bank Governor AtiurRahman presided over the meeting. 

Economic performance of the ACU member countries rose significantly to US$20.35bn in the year 2014 from $51.44m in the 1976. 

“The Board discussed the recommendations of the Standing Technical Committee meeting like re-opening the issue of use of domestic currency in ACU mechanism, implementation of web-based application for ACU messaging, setting up taskforce for dispute resolution, unauthorized transactions through ACU mechanism,” SK Sur Chowdhury, deputy governor of BB told the reporters after the meeting. 

Bangladesh Bank Governor Atiur Rahman took over the charge as the chairman of the Asian Clearing Union (ACU) yesterday for the year 2015-216.

He replaced ValiollahSeif, governor of the Central Bank of the Islamic Republic of Iran at the 44th ACU board meeting held at a city hotel yesterday.

BB governor will hold the key position at the Asian Clearing Union for one-year term. The Asian Clearing Union, established in 1974 under the auspices of UNESCAP, began its operation in November 1975.

Than Swe, governor Central Bank of Myanmar has also been elected for the year 2016-2017 at the meeting and the next governors’ symposium will be held at the Myanmar as per board meeting decision.

ACU is the simplest form of payment arrangements whereby the participants settle payments for intra-regional transactions among the participating central banks on a multilateral basis.

The main objectives of a clearing union are to facilitate payments among member countries for eligible transactions, thereby economising on the use of foreign exchange reserves and transfer costs, as well as promoting trade among the participating countries.

Currently, nine central banks – Bangladesh, Bhutan, Iran, India, Maldives, Nepal, Pakistan, Sri Lanka and Myanmar – are the members of the ACU. Afganistan Bank, which attended the meeting as an observer, will formally join the union as a member in next year. 

Governors of Central Bank of Iran, Royal Monetary Authority of Bhutan, Nepal Rastra Bank, State Bank of Pakistan, Deputy Governors of Reserve Bank of India, Central Bank of Myanmar, and Central Bank of Sri Lanka.

Bangladesh Bank Governor AtiurRahman presided over the meeting. 

Economic performance of the ACU member countries rose significantly to US$20.35bn in the year 2014 from $51.44m in the 1976. 

“The Board discussed the recommendations of the Standing Technical Committee meeting like re-opening the issue of use of domestic currency in ACU mechanism, implementation of web-based application for ACU messaging, setting up taskforce for dispute resolution, unauthorized transactions through ACU mechanism,” SK Sur Chowdhury, deputy governor of BB told the reporters after the meeting. 

Bangladesh Bank Governor Atiur Rahman took over the charge as the chairman of the Asian Clearing Union (ACU) yesterday for the year 2015-216.

He replaced ValiollahSeif, governor of the Central Bank of the Islamic Republic of Iran at the 44th ACU board meeting held at a city hotel yesterday.

BB governor will hold the key position at the Asian Clearing Union for one-year term. The Asian Clearing Union, established in 1974 under the auspices of UNESCAP, began its operation in November 1975.

Than Swe, governor Central Bank of Myanmar has also been elected for the year 2016-2017 at the meeting and the next governors’ symposium will be held at the Myanmar as per board meeting decision.

ACU is the simplest form of payment arrangements whereby the participants settle payments for intra-regional transactions among the participating central banks on a multilateral basis.

The main objectives of a clearing union are to facilitate payments among member countries for eligible transactions, thereby economising on the use of foreign exchange reserves and transfer costs, as well as promoting trade among the participating countries.

Currently, nine central banks – Bangladesh, Bhutan, Iran, India, Maldives, Nepal, Pakistan, Sri Lanka and Myanmar – are the members of the ACU. Afganistan Bank, which attended the meeting as an observer, will formally join the union as a member in next year. 

Governors of Central Bank of Iran, Royal Monetary Authority of Bhutan, Nepal Rastra Bank, State Bank of Pakistan, Deputy Governors of Reserve Bank of India, Central Bank of Myanmar, and Central Bank of Sri Lanka.

Bangladesh Bank Governor AtiurRahman presided over the meeting. 

Economic performance of the ACU member countries rose significantly to US$20.35bn in the year 2014 from $51.44m in the 1976. 

“The Board discussed the recommendations of the Standing Technical Committee meeting like re-opening the issue of use of domestic currency in ACU mechanism, implementation of web-based application for ACU messaging, setting up taskforce for dispute resolution, unauthorized transactions through ACU mechanism,” SK Sur Chowdhury, deputy governor of BB told the reporters after the meeting. 

Bangladesh Bank Governor Atiur Rahman took over the charge as the chairman of the Asian Clearing Union (ACU) yesterday for the year 2015-216.

He replaced ValiollahSeif, governor of the Central Bank of the Islamic Republic of Iran at the 44th ACU board meeting held at a city hotel yesterday.

BB governor will hold the key position at the Asian Clearing Union for one-year term. The Asian Clearing Union, established in 1974 under the auspices of UNESCAP, began its operation in November 1975.

Than Swe, governor Central Bank of Myanmar has also been elected for the year 2016-2017 at the meeting and the next governors’ symposium will be held at the Myanmar as per board meeting decision.

ACU is the simplest form of payment arrangements whereby the participants settle payments for intra-regional transactions among the participating central banks on a multilateral basis.

The main objectives of a clearing union are to facilitate payments among member countries for eligible transactions, thereby economising on the use of foreign exchange reserves and transfer costs, as well as promoting trade among the participating countries.

Currently, nine central banks – Bangladesh, Bhutan, Iran, India, Maldives, Nepal, Pakistan, Sri Lanka and Myanmar – are the members of the ACU. Afganistan Bank, which attended the meeting as an observer, will formally join the union as a member in next year. 

Governors of Central Bank of Iran, Royal Monetary Authority of Bhutan, Nepal Rastra Bank, State Bank of Pakistan, Deputy Governors of Reserve Bank of India, Central Bank of Myanmar, and Central Bank of Sri Lanka.

Bangladesh Bank Governor AtiurRahman presided over the meeting. 

Economic performance of the ACU member countries rose significantly to US$20.35bn in the year 2014 from $51.44m in the 1976. 

“The Board discussed the recommendations of the Standing Technical Committee meeting like re-opening the issue of use of domestic currency in ACU mechanism, implementation of web-based application for ACU messaging, setting up taskforce for dispute resolution, unauthorized transactions through ACU mechanism,” SK Sur Chowdhury, deputy governor of BB told the reporters after the meeting. 

Bangladesh Bank Governor Atiur Rahman took over the charge as the chairman of the Asian Clearing Union (ACU) yesterday for the year 2015-216.

He replaced ValiollahSeif, governor of the Central Bank of the Islamic Republic of Iran at the 44th ACU board meeting held at a city hotel yesterday.

BB governor will hold the key position at the Asian Clearing Union for one-year term. The Asian Clearing Union, established in 1974 under the auspices of UNESCAP, began its operation in November 1975.

Than Swe, governor Central Bank of Myanmar has also been elected for the year 2016-2017 at the meeting and the next governors’ symposium will be held at the Myanmar as per board meeting decision.

ACU is the simplest form of payment arrangements whereby the participants settle payments for intra-regional transactions among the participating central banks on a multilateral basis.

The main objectives of a clearing union are to facilitate payments among member countries for eligible transactions, thereby economising on the use of foreign exchange reserves and transfer costs, as well as promoting trade among the participating countries.

Currently, nine central banks – Bangladesh, Bhutan, Iran, India, Maldives, Nepal, Pakistan, Sri Lanka and Myanmar – are the members of the ACU. Afganistan Bank, which attended the meeting as an observer, will formally join the union as a member in next year. 

Governors of Central Bank of Iran, Royal Monetary Authority of Bhutan, Nepal Rastra Bank, State Bank of Pakistan, Deputy Governors of Reserve Bank of India, Central Bank of Myanmar, and Central Bank of Sri Lanka.

Bangladesh Bank Governor AtiurRahman presided over the meeting. 

Economic performance of the ACU member countries rose significantly to US$20.35bn in the year 2014 from $51.44m in the 1976. 

“The Board discussed the recommendations of the Standing Technical Committee meeting like re-opening the issue of use of domestic currency in ACU mechanism, implementation of web-based application for ACU messaging, setting up taskforce for dispute resolution, unauthorized transactions through ACU mechanism,” SK Sur Chowdhury, deputy governor of BB told the reporters after the meeting.