ACU settlement options now permit transactions in ACU Dollar or ACU Euro, enabling correspondent accounts for cross border settlement. Effective January 1, 2009, ACU participants may settle transactions in either ACU Dollar or ACU Euro, with each unit equivalent to one US Dollar and one Euro respectively. Authorised Dealer Category I banks may open and maintain ACU Dollar and ACU Euro accounts with correspondent banks in participating countries and are required to settle eligible payments through those accounts. Amendments to the relevant FEMA regulations and the ACU Memorandum of Procedure will be issued separately.