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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 AMU is a basket composed of 13 currencies, and AMU-wide is composed of 16 currencies.
|China||Chinese Yuan (Renminbi)|
|South Korea||South Korean won|
|New Zealand||New Zealand dollar|