Asian Clearing Union (ACU)

• HQ: Tehran, Iran
• established on December 9, 1974
• the initiative of the United Nations Economic and Social Commission for Asia and Pacific (ESCAP)
• to promote regional cooperation.

Members

• Bangladesh, Bhutan, India, Iran, Maldives, Myanmar, Nepal, Pakistan and Sri Lanka.

Asian Monetary Unit(AMU) is the common unit of account of ACU and is denominated as ‘ACU dollar’, ‘ACU euro’,  and ‘ACU yen’.

Source: The Indian Express