Asian Currency Unit


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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.
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References in periodicals archive ?
loans and Advances in Asian currency units went up to SGD448.5bn in October, from SGD446.3bn the previous month.
The loans and advances in Asian currency units, which refer to loans and advances in currencies other than the Singapore dollar, rose from SGD417.8bn last year to SGD431.7bn.
The Asian Currency units (ACU) went up to SGD417.8bn in April, from SGD416.1bn in March.

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