5C.1
- Document type
- Manual
- Dated
- Category
- Exchange Management Manual
Opening of ACU Dollar Accounts
Value wise, ACU dollar is on par with U.S. dollar. In order, however, to keep ACU transactions distinct and separate from other transactions, authorised dealers may open in their books ACU dollar accounts in the names of their branches/correspondent banks in ACU countries for putting through transactions through ACU mechanism. Likewise, they may open ACU dollar accounts with their branches/correspondents in other ACU countries.