Staff Reporter
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has suggested the member countries of Asian Clearing Union (ACU) to introduce Euro alongside the US dollar for settlement of payments among the eight-nations.
The Bangladesh Bank earlier sent a letter to the country’s apex trade body with a request to give its opinion on switching over to multiple-currency transaction regime in ACU.
The ACU is an arrangement among Bangladesh, Bhutan, India, Iran, Myanmar, Nepal, Pakistan and Sri Lanka to settle payments for intra-regional transactions among the participating central banks on a multilateral basis. [Read more]