Memorandum of Procedure for channeling transactions through Asian Clearing Union (ACU)

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..... aler Category-I Banks is invited to the Memorandum containing detailed procedural instructions for channeling transactions through the Asian Clearing Union (ACU) (Memorandum ACM) issued on February 17, 2010 , as amended from time to time. In terms of paragraph 11 of the Memorandum the minimum amounts and the multiples in which Reserve Bank receives and pays U.S. Dollar/ Euro is $ 25,000/ 25,000 .....

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