Asian Monetary Unit

The Asian currency unit or ACU (English Asian Currency Unit) is a proposed common currency unit for the ten countries of ASEAN, and additionally the People's Republic of China, Japan and South Korea. This states district is also known as ASEAN Plus Three. Model for the ACU is now superseded by the euro former European Currency Unit, which was the common currency of account of the Member States of the European Union from 1979 to 1998.

The ACU should - at least as it is currently provided - initially not serve as actual currency, but form a so-called currency basket, a weighted sum of the individual East Asian currencies. This basket is intended to show regional exchange rate fluctuations. In the ACU so it is more of a statistical index as a currency.

The Asian Development Bank is currently reviewing several options regarding the technical implementation for the calculation of the ACU, which on the one hand the fundamental nature of the currency basket and the choice between fixed weights and fixed exchange rates, on the other, the exact selection of the included in the ACU currencies, the choice the weights that relate to criteria for periodic reviews of the weights and other aspects. After completing the procedure, the Asian Development Bank plans to publish some indexes for the ACU on their website.

Originally, the introduction of the monetary unit had been planned for the year 2006, but has not achieved this goal and moved the introduction indefinitely.