03:53Iran: Measures to de-dollarise transactions discussed by ACU members as meeting kicks off in Tehran
The Asian Clearing Union (ACU) meeting commenced on Wednesday at the Central Bank of Iran complex in Tehran, with the main topics under discussion being 'de-dollarisation' and reducing dependency on dominant currencies.
“The goals of this session and union are promoting national currencies and reducing reliance on two third parties' currencies on top of the Dollar and Euro, which member states need to reduce their reliance on two such currencies,” said Mohsen Karimi, Deputy for International Affairs of Iran Central Bank.
Similarly, Iranian Vice President Mohammad Mokhber stated that de-dollarisation was not a 'voluntary choice’ by governments, but rather an 'inevitable response' to weaponisation of the dollar.
Karimi also welcomed the participants and said that in addition to all member states of the Union, other guests from countries including Russia, Belarus, and Afghanistan and representatives of the Islamic Development Bank (IDB) were also attending the meeting.
“This session is the 51st annual session of the Asian Clearing Union (ACU) which is being held. This year we have guests other than the member states of the ACU including Russia's central bank, Belarus's central bank, Afghanistan's central bank and the Islamic development bank. India, Pakistan, Nepal, Sri Lanka, Bangladesh, Bhutan, Myanmar and Maldives including Iran are the 9 members of the ACU who are participating in the session in online and at-person formats,” said Karimi.
The Asian Clearing Union meeting is conducted annually, with one of the member countries hosting it on a rotating basis.
The ACU was established in December 1974 on the initiative of the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP). Its member countries include Bangladesh, Bhutan, India, Maldives, Myanmar, Nepal, Pakistan, Sri Lanka and Iran.
03:53NO Access Israel Media/Persian Language TV Stations Outside Iran/Strictly No Access BBC Persian/VOA Persian/Manoto TV/Iran International TV*
The Asian Clearing Union (ACU) meeting commenced on Wednesday at the Central Bank of Iran complex in Tehran, with the main topics under discussion being 'de-dollarisation' and reducing dependency on dominant currencies.
“The goals of this session and union are promoting national currencies and reducing reliance on two third parties' currencies on top of the Dollar and Euro, which member states need to reduce their reliance on two such currencies,” said Mohsen Karimi, Deputy for International Affairs of Iran Central Bank.
Similarly, Iranian Vice President Mohammad Mokhber stated that de-dollarisation was not a 'voluntary choice’ by governments, but rather an 'inevitable response' to weaponisation of the dollar.
Karimi also welcomed the participants and said that in addition to all member states of the Union, other guests from countries including Russia, Belarus, and Afghanistan and representatives of the Islamic Development Bank (IDB) were also attending the meeting.
“This session is the 51st annual session of the Asian Clearing Union (ACU) which is being held. This year we have guests other than the member states of the ACU including Russia's central bank, Belarus's central bank, Afghanistan's central bank and the Islamic development bank. India, Pakistan, Nepal, Sri Lanka, Bangladesh, Bhutan, Myanmar and Maldives including Iran are the 9 members of the ACU who are participating in the session in online and at-person formats,” said Karimi.
The Asian Clearing Union meeting is conducted annually, with one of the member countries hosting it on a rotating basis.
The ACU was established in December 1974 on the initiative of the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP). Its member countries include Bangladesh, Bhutan, India, Maldives, Myanmar, Nepal, Pakistan, Sri Lanka and Iran.