Start learning 50% faster. Sign in now
The Asian Clearing Union (ACU) was established with its head-quarters at Tehran, Iran, on December 9, 1974 at the initiative of the United Nations Economic and Social Commission for Asia and Pacific (ESCAP), for promoting regional co-operation. The Central Banks and the Monetary Authorities of Bangladesh, Bhutan, India, Iran, Maldives, Myanmar, Nepal, Pakistan and Sri Lanka are currently the members of the ACU. The following payments are not eligible to be settled through ACU:- · Payments between Nepal and India and Bhutan and India, · Payments that are not on account of export / import transactions between ACU members countries · All eligible current account transactions including trade transactions with Iran should be settled in any permitted currency outside the ACU mechanism until further notice.
'The Banker' magazine is published by which of the following?
Which of the following statements correctly describes the new visa-free policy introduced by Belarus for 35 European countries?
Which country topped the Global Peace Index 2025?
Consider the following statements about the NPCI's global initiatives:
I. NPCI's collaboration with Namibia aims to replicate the UPI system.
...Consider the following statements regarding the penalties imposed by RBI on certain banks-
I.The Reserve Bank has imposed a Rs 50 lakh penalty on...
Recently Indian government has extended policy to allow imports of lentils and vegetable oils such as palm oil, soy oil and sunflower oil at lower taxes...
Which bank announced the introduction of its all-new Privy League programme, an exclusive premium banking programme with unique lifestyle benefits and...
UPI volume cap deadline extended till _______.
What is the proposed increase in the minimum amount for offering non-callable term deposits (TDs) based on the recent announcement by RBI?
Which Viceroy was responsible for the Partition of Bengal in 1905?