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Definition of

Asian Currency Unit


unit for recording transactions in Asian Dollar market a bookkeeping unit used for recording transactions made by approved financial institutions operating in the Asian Dollar market.

Related definitions of "Asian Currency Unit"

Recommended Further Reading (Term count)
  • A Single Currency for Asia?
    by Amitendu Palit
    Asia’s efforts to move toward a common regional currency appear to have stalled. Although the Asian financial crisis of 1997 created the tempo for greater monetary policy and exchange rate coordination in the region, large heterogeneities in economic structures, policies, and institutions among regional economies have prevented decisive moves to a common currency. Asia lacks appropriate institutions for adopting common monetary policies and...

Definitions of ’Asian Currency Unit’ and meaning of ’Asian Currency Unit’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’Asian Currency Unit’ and other financial terms with our online QFINANCE Financial Dictionary.

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