Asian Monetary Unit


Asian Monetary Unit

Asian Monetary Unit is a basket of currencies proposed by the Japanese government's Research Institute of Economy, Trade and Industry (RIETI). It is similar to the now-defunct European Currency Unit (ECU).

Contents

AMU baskets

The AMU is a basket composed of 13 currencies, and AMU-wide is composed of 16 currencies.[1]

AMU-wide
Country Currency
Brunei Brunei dollar
Cambodia Cambodian riel
Indonesia Indonesian rupiah
Laos Lao kip
Malaysia Malaysian ringgit
Myanmar Burmese kyat
Philippines Philippine peso
Singapore Singapore dollar
Thailand Thai baht
Vietnam Vietnamese đồng
China Renminbi
Japan Japanese yen
South Korea South Korean won
Australia Australian dollar
New Zealand New Zealand dollar
India Indian rupee

See also

References

External links


Wikimedia Foundation. 2010.

Look at other dictionaries:

  • Asian monetary unit — /ˌeɪʒ(ə)n mʌnɪt(ə)ri ˌju:nɪt/ noun a unit used in financial dealings between members of the Asian Clearing Union …   Dictionary of banking and finance

  • Asian Currency Unit — The Asian Currency Unit (ACU) is a proposed weighted index of currencies for ASEAN+3. The ACU was inspired by the now defunct European Currency Unit, replaced by the Euro. The Asian Currency Unit s purpose is to help stabilize the region s… …   Wikipedia

  • Asian Clearing Union — The Asian Clearing Union (ACU), with headquarters at Tehran (Iran), was established on 9 December 1974 at the initiative of the Economic and Social Commission for Asia and Pacific (ESCAP) of the United Nations. The primary objective of ACU, at… …   Wikipedia

  • Monetary union — In economics, a monetary union is a situation where several countries have agreed to share a single currency (also known as a unitary or common currency) among them, for example, the East Caribbean dollar. A monetary union differs from an… …   Wikipedia

  • European Currency Unit — Infobox Currency iso code = XEU using countries = European Community and later the European Union pegged with = The ECU was a basket of currencies symbol = ₠ (rare), ECU or XEU plural = usually ECUs used coins = Gibraltar issued commemorative Ecu …   Wikipedia

  • Hong Kong Monetary Authority — Headquarters International Finance Centre …   Wikipedia

  • Southeast Asian arts — Literary, performing, and visual arts of Myanmar (Burma), Thailand, Laos, Cambodia, Vietnam, Malaysia, Singapore, and the Philippines. The classical literatures of Southeast Asia can be divided into three major regions: the Sanskrit region of… …   Universalium

  • Democracy and Development: The East Asian Experience — ▪ 1997       by Richard Saludo       In October 1996, 15 months after lifting the house arrest of Nobel Peace Prize winner Daw Aung San Suu Kyi, Myanmar s (Burma s) ruling junta, the State Law and Order Restoration Council (SLORC), cracked down… …   Universalium

  • Chiang Mai Initiative — Participants of the Chiang Mai Initiative: regular ASEAN states marked light green; Plus Three states marked green The Chiang Mai Initiative (CMI) is a multilateral currency swap arrangement among the ten members of the Association of Southeast… …   Wikipedia

  • Currency union — World trade A series on Trade …   Wikipedia


Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.