https://www.taxtmi.com/circulars?id=5466 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. en-us Fri, 26 Dec 2008 00:00:00 +0530 Fri, 26 Dec 2008 22:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5466 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. Circulars FEMA Fri, 26 Dec 2008 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5466