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FE Rules2009Inclusion of Maldives Monetary Authority (MMA) to Asian Clearing Union (ACU)

INCLUSION OF MALDIVES MONETARY AUTHORITY (MMA) TO ASIAN CLEARING UNION (ACU)

EPD Circular Letter No. 05 December 08, 2009


It is advised that in the 38th Meeting of the of the ACU Board of Directors held in Colombo on 16th June 2009, the Maldives Monetary Authority (MMA) was admitted to the Asian Clearing Union (ACU) as member which will commence ACU operations from 1st January 2010.


Accordingly, Authorized Dealers may establish ACU dollar and ACU euro accounts with their correspondents for MMA and open their correspondents’ accounts with them. The list of Maldives Monetary Authority’s designated banks authorized to deal in ACU is attached.

Authorized Dealers are advised to bring the above to the notice of all their constituents.

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