ACU

E706425

ACU is a regional payment arrangement among Asian countries that facilitates multilateral clearing of trade transactions to reduce reliance on hard currencies.

All labels observed (2)

Label Occurrences
ACU canonical 3
ACU Secretariat 1

How this entity was disambiguated

Statements (46)

Predicate Object
instanceOf intergovernmental organization ⓘ
regional payment arrangement ⓘ
abbreviation ACU ⓘ
benefit improves efficiency of regional payment arrangements ⓘ
reduces need for settlement in hard currencies such as the US dollar ⓘ
reduces transaction costs for member countries ⓘ
clearingMechanism multilateral netting of eligible transactions ⓘ
clearingPeriod periodic settlement of net positions among members ⓘ
currencyRole promotes settlement in participants’ currencies ⓘ
dateFounded 1974 ⓘ
foundedBy United Nations Economic and Social Commission for Asia and the Pacific ⓘ
foundingInstrument Agreement establishing the Asian Clearing Union ⓘ
fullName Asian Clearing Union ⓘ
geopoliticalScope Asian member states ⓘ
governingBody Board of Directors ⓘ
headquartersCountry Iran ⓘ
headquartersLocation Tehran ⓘ
legalStatus treaty-based organization ⓘ
member Bangladesh ⓘ
Bhutan ⓘ
India ⓘ
Iran ⓘ
Maldives ⓘ
Myanmar ⓘ
Nepal ⓘ
Pakistan ⓘ
Sri Lanka ⓘ
memberType central banks of member countries ⓘ
officialLanguage English ⓘ
purpose economize on use of foreign exchange reserves ⓘ
facilitate multilateral clearing of trade transactions ⓘ
promote monetary cooperation among member countries ⓘ
promote use of participants’ currencies in regional trade ⓘ
reduce reliance on hard currencies ⓘ
regionServed Asia ⓘ
relatedConcept multilateral clearing union ⓘ
regional payment system ⓘ
relatedOrganization International Monetary Fund ⓘ
United Nations Economic and Social Commission for Asia and the Pacific ⓘ
secretariat ACU Secretariat ⓘ
linked to: ACU
sector international finance ⓘ
payments and settlements ⓘ
transactionType current account transactions ⓘ
eligible trade-related payments ⓘ
usesInstrument Asian Monetary Unit ⓘ
website https://www.asianclearingunion.org ⓘ

How these facts were elicited

Referenced by (4)

Full triples — surface form annotated when it differs from this entity's canonical label.

Asian Clearing Union → abbreviation → ACU ⓘ
subject linked to: ACU
Asian Clearing Union → secretariat → ACU Secretariat ⓘ
subject linked to: ACU
linked to: ACU