ACU Payment Mechanism

Lenders seek RBI's guidance as OFAC restricts payments via ACU mechanism

US Office of Foreign Assets Control advises banks to halt ACU-related payments, raising concerns for India's trade settlement with ACU nations

Updated On: 22 Sep 2023 | 2:29 PM IST

Commerce Ministry for resumption of ACU payment mechanism with Iran

This has been done to promote bilateral trade

Updated On: 28 Jun 2017 | 4:56 AM IST