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Bangladesh's central bank governor elected chairman of Asian Clearing Union

Reuters  |  DHAKA 

DHAKA (Reuters) - The central bank governor of Bangladesh was elected chairman of the Asian Clearing Union (ACU) on Saturday, a group of nine central banks who signed up to a joint payment system that processed $20 billion worth of transactions in 2014.The appointment marks the first time Bangladesh takes on the year-long chairmanship since the ACU was founded in 1974, Central Bank Governor Atiur Rahman said at governors' meeting in Dhaka.The union, which was set up on a U.N.-initiative, facilitates monetary transactions between central banks with less exposure to foreign currency ...

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First Published: Sat, June 13 2015. 18:17 IST