Asian Clearing Union

Asian Clearing Union (ACU)
Logo
Type	Clearing Union
Central Banks or Monetary Authorities	9
Leaders
• Chairman	Mohammad Reza Farzin
• Secretary-General	Farhad Morsali Pavarsi
Establishment	1974
Website www.asianclearingunion.org

The Asian Clearing Union (ACU) was established on December 9, 1974, at the initiative of the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP). The primary objective of ACU, at the time of its establishment, was to secure regional co-operation regarding the clearing of eligible monetary transactions among the members of the Union to provide a system for clearing payments among the member countries on a multilateral basis.