May 16,2022
A Myanmar delegation led by Governor of the Central Bank of Myanmar attended the 50th Board of Directors’ Meeting of the Asian Clearing Union (ACU) held on 12 and 13 May in Islamabad, Pakistan.
The meeting was attended by delegates from nine ACU member countries: India, Pa-kistan, Iran, Sri Lanka, Bangla- desh, Nepal, Myanmar, Bhutan and the Maldives.
The meeting focused on the economic development and prospects of the ACU member countries, ACU activities and achievements during the fiscal year 2020, recommendations from the ACU Expert Committee on improving transnational payments innovation, issues related to the implementation of local currency payments among the ACU countries and the strengthening of the ACU system. The Myanmar delegation returned home on the afternoon of 14 May.—MNA
