Asian Monetary Unit

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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).

The Asian Monetary Unit (AMU), which has been created as the joint project of 21st century COE project of Hitotsubashi University and RIETI, is a common currency basket composed of 13 East Asian currencies, such as ASEAN 10 plus Japan, China and South Korea. These data have started to be published on the website of RIETI since September 2005. After 4 years passed, a common currency basket composed of 13 AMU currencies plus three another countries, Australia, New Zealand and India, which are strongly connected with Asian countries, is newly created as "AMU-wide". The AMU-wide, which is a common currency basket composed of wider range of currencies, will be expected to utilize as a surveillance indicator corresponding to the extensive regional economies.

The calculation methodology[clarification needed] of the AMU-wide and AMU-wide Deviation Indicators[clarification needed] are same as those of the AMU. The benchmark period is defined as:

should be relatively close to zero[clarification needed].[1]

AMU baskets[edit]

The AMU is a basket composed of 13 currencies, and AMU-wide is composed of 16 currencies.[2]

AMU-wide
CountryCurrency
BruneiBrunei dollar
CambodiaCambodian riel
IndonesiaIndonesian rupiah
LaosLao kip
MalaysiaMalaysian ringgit
MyanmarBurmese kyat
PhilippinesPhilippine peso
SingaporeSingapore dollar
ThailandThai baht
VietnamVietnamese đồng
ChinaRenminbi
JapanJapanese yen
South KoreaSouth Korean won
AustraliaAustralian dollar
New ZealandNew Zealand dollar
IndiaIndian rupee

See also[edit]

References[edit]

External links[edit]