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Settlement System under Asian Clearing Union (ACU)

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Full Text of the Document

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.... Series) Circular No. 43 dated December 26, 2008, giving participants in ACU mechanism the option to settle their transactions either in 'ACU Dollar' or in 'ACU Euro'. The 'ACU Dollar' and 'ACU Euro' is equivalent in value to one US Dollar and one Euro, respectively. 2. As the payment channel for processing 'ACU Euro' transactions is under review, it has become necessary to temp....

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