Minimum transaction thresholds for ACU dollar and euro accounts reduced, easing funding and repatriation requirements. The Reserve Bank has revised the minimum amount and multiples for receiving and paying in ACU Dollar and ACU Euro accounts, lowering the thresholds for funding or repatriating excess liquidity via the Asian Clearing Union. Authorised Dealer Category I Banks are directed to notify their constituents. The directions are issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 and are without prejudice to other statutory permissions or approvals.
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Minimum transaction thresholds for ACU dollar and euro accounts reduced, easing funding and repatriation requirements.
The Reserve Bank has revised the minimum amount and multiples for receiving and paying in ACU Dollar and ACU Euro accounts, lowering the thresholds for funding or repatriating excess liquidity via the Asian Clearing Union. Authorised Dealer Category I Banks are directed to notify their constituents. The directions are issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 and are without prejudice to other statutory permissions or approvals.
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