SAARCFINANCE Chairs
The 9th SAARCFINANCE meeting decided that since the current workload is not sufficient for establishing a permanent formal SAARCFINANCE Secretariat, the existing arrangement of having secretariat of the network on a rotation basis with the central bank of the country that holds chairmanship of SAARC, to be continued. The SAARCFINANCE Chair also moves in rotation with the change of the SAARC Chair. The Chair of the SAARCFINANCE moved to the Reserve Bank of India (RBI) from Bangladesh Bank during the Asian Clearing Union (ACU) Meeting held in Dhaka on May 15, 2007.