ACU meeting kicked off in Tehran

The 51st Asian Clearing Union (ACU) meeting, mainly focused on de-dollarization, kicked off on Tuesday in Tehran.
On the first day of the two-day event, expert committees from the attending delegations held meetings to discuss the preliminary issues, ISNA reported.
The event is attended by the governors of the central banks of the ACU member countries, in addition to Russia.
In the 51st ACU meeting, members are set to discuss various issues including the amendment of the union’s statutes in order to facilitate the acceptance of new members, and determining the new currency basket of the member countries in order to settle exchanges, without the need for euros or dollars.
Exploring the feasibility of using digital currencies of central banks for cross-border payments and the unveiling of the interbank messaging network of the member states of the union are also among the major topics on the meeting’s agenda.

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