9 Asian Countries Implement De-Dollarization Measures in Meeting Hosted by Iran

At the annual meeting of the Asian Clearing Union (ACU), which is currently taking place in Tehran, the topic of de-dollarization has taken the spotlight as the primary focus of discussion. Nine different Asian countries are members of the ACU. In addition to government representatives from Bangladesh, Bhutan, India, Iran, Maldives, Myanmar, Nepal, Pakistan, and Sri Lanka, the meeting was also attended by the governor of Russia’s central bank as well as representatives from Belarus and Afghanistan. It is not up to individual countries to decide whether or not to de-dollarize their economies. Officials from members of the Asian Clearing Union (ACU) and numerous other organizations got together in Tehran on Tuesday to kick off the 51st annual conference of the Asian Clearing Union (ACU). This meeting will take place over the course of two days. According to the Tasnim news service, the meeting was organized and hosted by the Central Bank of Iran, and de-dollarization was a primary topic of discussion throughout the gathering. At the moment, there are nine members that make up the ACU. These members are as follows: the Bangladesh Bank, the Royal Monetary Authority of Bhutan, the Reserve Bank of India, the Central Bank of Iran, the Maldives Monetary Authority, the Central Bank of Myanmar, the Nepal Rastra Bank, the State Bank of Pakistan, and the Central Bank of Sri Lanka. In addition to the highest-ranking officials from ACU member countries, observers at the meeting include the governor of the Russian central bank, officials from Belarus and Afghanistan, and official of Afghanistan. Deep Dive into Geopolitics, Business, Economic History Related to World Affairs, Climate crisis & Green Mobility. Expect New Fascinating Videos Every Week. ‼️ Disclaimer:‼️ Some of the videos, songs, images, and graphics used in the video belong to their respective owners and this channel does not claim any right over them. Copyright Disclaimer under Section 107 of the Copyright Act 1976. The information on this channel shall not be understood or construed as financial advice. We are not an attorney, accountant or financial advisor, or claim to be. The content on this channel is not a substitute for financial advice and serves for entertainment purposes only. | DISCLAIMER Reminder | The Copyright Laws of the United States recognizes a “fair use” of copyrighted content. Section 107 of the U.S. Copyright Act states: “Notwithstanding the provisions of sections 106 and 106A, the fair use of a copyrighted work, including such use by reproduction in copies or phono records or by any other means specified by that section, for purposes such as criticism, comment, news reporting, teaching (including multiple copies for classroom use), scholarship, or research, is not an infringement of copyright.” Any information on this channel shall not be understood or construed for any other purpose except for entertainment purposes only. #Tech #Electric #EVs