What does ACU stand for?

Asian Clearing Union

This definition appears very rarely and is found in the following Acronym Finder categories:

Organizations, NGOs, schools, universities, etc.
Business, finance, etc.

Other Resources:

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Samples in periodicals archive:

Local bankers and the BB officials informed the Myanmar delegation that there is no scope of shortage of fund which may cause the delay of payment under the existing Asian Clearing Union (ACU) mechanism.

Bangladesh : Bangladesh Urges Myanmar To Establish Direct Banking ...

The Asian Clearing Union (ACU), with headquarters at Tehran (Iran), was established on 9 December 1974 at the initiative of the Economic and Social Commission for Asia and Pacific (ESCAP) of the United Nations.

Iran-ACU Monetary Transactions Exceeded $13bln

Iran's Central Bank offers National Bank of Kyrgyzstan to enter Asian ...

By resorting to the Asian Clearing Union (ACU) mechanism for settlement of import-export transactions, exporters from the two countries can not only realize their receivables but also sidestep the US banking system altogether.

Iran, India to Enjoy Asian Clearing Union Option for Transactions

The reserve may decline slightly in the first week of next month after routine payments are made to the Asian Clearing Union (ACU).

Bangladesh: Bangladesh's Forex Reserve Crosses USD 6 Billion again

Last week the State Bank of Pakistan has included Euro in the Asian Clearing Union as the second ACU currency, after the US dollar which would be enforced from 1st January 2009.

Iran-Pakistan Trade to Reach $1 Billion in 2009