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Asia undertook to "copy" euro

October 24 2005

Asian "tigers" are planning to introduce a single currency in the region like the European Union. On Sunday, the influential Japanese newspaper Asahi reported that since 2006, Asian Development Bank is going to start preparing for the introduction of a single Asian currency, which in future will be issued on the territory of Japan, China, South Korea and the 10-member Association of Southeast Asian Nations (ASEAN).

In December, at the summit of heads of states of East Asia in Malaysia is expected to discuss the draft of the introduction in the Asian region, the single currency. Her "job" name - CCJ, like the European ECU (ECU, European Currency Unit - European Currency Unit), which served as the prototype of the euro, according to Financial News.

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