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What is full form of ACU

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ACU stands for Asian Currency Union. It is a payment arrangement that allows participants settle payments for intra-regional transactions among the participating banks on a net multilateral basis. The main objective of this clearing union is to facilitate payments for eligible transactions among member countries in order to economize on the use of foreign exchange reserves and transfer costs and promote the trade and baking relations among the participating countries.

automatic calling unit (ACU) is a device that enables equipment, such as computers and card dialers, to originate calls automatically over a telecommunications network.
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Asian Clearing Union (ACU) is a payment arrangement whereby the participants settle payments for intra-regional transactions among the participating central banks on a net multilateral basis.

The objectives of the ACU are:

  • To provide a facility to settle payments, on a multilateral basis, for current international transactions among the territories of participants.
  • To promote the use of participants' currencies in current transactions between their respective territories and thereby effect economies in the use of the participants' exchange reserves.
  • To promote monetary cooperation among the participants and closer relations among the banking systems in their territories and thereby contribute to the expansion of trade and economic activity among the countries of the ESCAP region.
  • To provide for currency SWAP arrangement among the participants so as to make Asian Monetary Units (AMUs) available to them temporarily.

Ambulatory Care is a service which offers same day emergency care to patients at the hospital.  This means that patients are assessed, diagnosed, treated and are able to go home the same day, without being admitted into a hospital bed overnight wherever possible.

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