Home » Bangladesh Central Bank asks their banks to stop ACU transactions with Sri Lanka

Bangladesh Central Bank asks their banks to stop ACU transactions with Sri Lanka

Source

Bangladesh Bank (The Central Bank of Bangladesh) has instructed banks in that country to refrain from transactions with Sri Lanka through the ACU system.
The central bank’s Foreign Exchange Policy Department issued a circular today (28th) and sent it to top executives of banks. This decision has been taken following the Central Bank of Sri Lanka’s decision to temporarily withdraw from the ACU payment scheme from the 14th.
The Asian Clearing Union, an arrangement through which participating countries settle import payments for intra-regional transactions, was established in 1974 under the leadership of the United Nations Economic and Social Commission for Asia and the Pacific
Bangladesh, Bhutan, India, Iran, the Maldives, Myanmar, Nepal, Pakistan, and Sri Lanka are members of ACU, which has headquarters in Tehran.

0 Comments

*Enter your name

*2 characters minimum.

Do not change these fields following

The post Bangladesh Central Bank asks their banks to stop ACU transactions with Sri Lanka appeared first on LankaTruth.

Source

Leave a Comment


To prove you're a person (not a spam script), type the security word shown in the picture.
You can enter the Tamil word or English word but not both
Anti-Spam Image