Asian Currency Units


Also found in: Encyclopedia.

Asian Currency Units (ACU)

Dollar deposits held in Singapore or other Asian centers.

Asian Currency Unit

A proposed currency basket for the ASEAN + 3 currencies as a precursor to a currency union in East Asia. It is intended to model the European currency unit, which preceded the euro. The countries that would theoretically participate in this are Brunei, Burma, Cambodia, China, Indonesia, Japan, Laos, Malaysia, Philippines, Singapore, South Korea, Thailand, and Vietnam.
References in periodicals archive ?
The loans and advances in Asian currency units, which refer to loans and advances in currencies other than the Singapore dollar, rose from SGD417.
loans and Advances in Asian currency units went up to SGD448.

Full browser ?