The ACU (Asian Currency Unit) is the union of Asian currencies, like
the euro currency union, which was the precursor of the Euro. The Asian
Development Bank is an advocate of the feasibility studies and the
formation of the union.
The biggest barriers to the creation of
the ACU have been the choice of currencies to be included, the large
mismatch between the various regional currencies and the economic crisis
between 2007 and 2008.
There had already been a number of financial
maneuvers that included monetary groupings in Asia, but the ACU is
built on an individual structure, is not sponsored or used as a means of
exchange between the participating countries.
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