Asian euro, the ASIO
(This is the English translation for the article that appears below. From ILCW member M. Madasamy, India)
M. Madasamy, an environmental activist from Peermade Kerala, India has sent a representation to prime minister of India and to the finance minister regarding the introduction of a common currency in Asia much like the euro in European countries.
If a common currency is introduced in Asia it will unleash more revenue through investment, trade, financial convergence, among countries and reduce exchange risk. It will also give a way to a reduced inflation rate of several nations. The name of the currency will be "asio". After the introduction of euro, the currency has led a remarkable profit through tourism among European countries.
The ministry of finance of India has sent a reply for this commendable initiative to bring this issue before the government of India and has given assurance that the government will take necessary steps in this regard soon.
M. Madasamy, an environmental activist from Peermade Kerala, India has sent a representation to prime minister of India and to the finance minister regarding the introduction of a common currency in Asia much like the euro in European countries.
If a common currency is introduced in Asia it will unleash more revenue through investment, trade, financial convergence, among countries and reduce exchange risk. It will also give a way to a reduced inflation rate of several nations. The name of the currency will be "asio". After the introduction of euro, the currency has led a remarkable profit through tourism among European countries.
The ministry of finance of India has sent a reply for this commendable initiative to bring this issue before the government of India and has given assurance that the government will take necessary steps in this regard soon.
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