Settlement System under Asian Clearing Union- (Reserve Bank of India) (30 Jun 2016)
The Reserve Bank of India has temporarily suspended the Asian Clearing Union - Euro payment channel from 1 July 2016.
The move comes as the payment channel for processing ACU Euro transactions is reviewed. In the meantime, eligible transactions in Euro are permitted to be be settled outside the ACU mechanism.
Relevant : Settlement system under ACU Mechanism MANU/APDR/0128/2008
Tags : ACU EURO SETTLEMENT SYSTEM SUSPENDED