ACU’s BOD Meeting: CBM Governor Virtually Joins 49th Meeting

Governor of the Central Bank of Myanmar U Than Nyein joined the virtual meeting of the 49th Asian Clearing Union’s (ACU) Board of Directors (BOD) on Monday. The meeting chair Bhutan made an opening speech and transferred the chairmanship to India. Then, the leaders kept holding the ACU Board of Directors meeting.

The meeting discussed matters pertaining to the economic status of ACU member countries, efforts and reports of ACU Secretary-General in trading among the member countries in 2020 Fiscal Year, the important role of non-bank financial institutions, proper methods to resolve the current challenges, hardships of exporters and importers who adopt ACU system and building of Web-based Application.

They also focused on ACU Agreement and Procedure Rules regarding the use of Japanese Yen in ACU system, payment and clearing system of ACU and nomination of ACU chair and vice chair for 2022-2023. The ACU member countries are Bangladesh, Bhutan, India, Iran, Maldives, Myanmar, Nepal, Pakistan and Sri Lanka.