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ARTICLE · 11 OCTOBER 2016

Settlement System Under Asian Clearing Union (ACU)

ALAYA LEGAL ADVOCATES
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Accordingly, all eligible current account transactions including trade transactions in 'Euro' are permitted to be settled outside the ACU mechanism until further notice.

IndiaFinance and Banking
Alaya Legal
Alaya Legal
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NOTIFICATIONS, CIRCULARS, (May – June, 2016)

RBI

A.P. (DIR Series) Circular No. 81 dated June 30, 2016 issued by the Reserve Bank of India Foreign Exchange Department regarding Settlement System under Asian Clearing Union (ACU)

Vide this circular the RBI suspended the operations in 'ACU Euro' with effect from July 01, 2016. Accordingly, all eligible current account transactions including trade transactions in 'Euro' are permitted to be settled outside the ACU mechanism until further notice.

A.P. (DIR Series) Circular No. 80 dated June 30, 2016 issued by the Reserve Bank of India Foreign Exchange Department regarding External Commercial Borrowings (ECB) – Approval Route cases

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