Farzin Confers With Belarus CB Official

The deputy governor of the Central Bank of Belarus made a formal request on behalf of his country to join the Asian Clearing Union (ACU). The request was submitted to Mohammad Reza Farzin, the governor of the Central Bank of Iran, who currently is the chair of the Union.
According to a CBI press release, in the meeting Farzin and Sergei Kalichits emphasized the use of local currencies in bilateral trade, stating that building closer ties through bilateral and multilateral monetary deals could play a crucial role in the development of two-way trade.
The ACU was established in December 1974 at 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.