Asian Currency Units

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Asian Currency Units (ACU)

Dollar deposits held in Singapore or other Asian centers.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Loans and Advances in Asian currency units recorded a drop from SGD383.5bn in August, to SGD380.7bn in September, according to the Reuters report.

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