Members of the ASEAN 10+3 circle

The Asian Currency Unit (ACU) is a proposed currency unit for the ASEAN "10+3" economic circle (ASEAN, the mainland of the People's Republic of China, Japan, and the Republic of Korea). The ACU takes its inspiration from the now defunct European Currency Unit. Image File history File links Download high resolution version (1427x628, 339 KB) Beschreibung Beschreibung de: en: fr: it: Licensing File links The following pages on the English Wikipedia link to this file (pages on other projects are not listed): Asian Currency Unit ASEAN Plus Three ... Image File history File links Download high resolution version (1427x628, 339 KB) Beschreibung Beschreibung de: en: fr: it: Licensing File links The following pages on the English Wikipedia link to this file (pages on other projects are not listed): Asian Currency Unit ASEAN Plus Three ... Main languages See Languages of ASEAN Secretary General Ong Keng Yong of Singapore Area  - Total 4,480,000 km2 Population  - Total (2004)  - Density 550,000,000 122. ... Economy redirects here. ... The highlighted area in the map is what is commonly known as mainland China. Mainland China (Simplified Chinese: 中国大陆; Traditional Chinese: 中國大陸; pinyin: Zhōnggúo Dàlù; literally The Chinese Massive Landmass or Continental China) is an informal (disputed — see talk page) geographical term which is usually synonymous with the area... The European Currency Unit (â‚ ; ECU) was a basket of the currencies of the European Community member states, used as the unit of account of the European Community before being replaced by the euro. ...

The ACU as it has been proposed is as yet not a real currency, but a currency basket, i.e., a weighted index of East Asian currencies that will function as a benchmark for regional currency movements.

The Asian Development Bank is currently reviewing different options concerning the technical aspects related to the ACU calculation, including the nature of the basket, the choice of fixed weights vs. fixed units, the selection of currencies to be included in the basket, the choice of weights, the criteria for their periodical revision, and other aspects as well. After completing an internal review of these technical aspects, the Asian Development Bank expects to post several indexes for the ACU on its website in the next few months. The Asian Development Bank (ADB) is a multilateral development finance institution dedicated to reducing poverty in Asia and the Pacific. ...

The Asian Development Bank will announce the details of the ACU in March 2006 or later. 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ...

External links

• A news report of the ACU (Chinese)
• Interview with Asian Development Bank representative 24/02/2006