ADB explores Asian currency unit
NEWS
An agreement signed at the meeting by finance ministers of 13 East Asian countries means a study will be conducted to investigate the development of an Asian currency unit (ACU) weighted basket. The research, to be carried out by a Japanese Research firm, will be completed in 2007.
ADB president Haruhiko Kuroda, a long-term ACU advocate, talked of the importance of increased financial co-operation in Asia. Delegates at the meeting were divided on the role the bank should play in pushing
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