Academics discuss East Asian Monetary Union

Academics meeting on Friday 19 August called for Asian nations to set up a regional cooperative body similar to the EU and adopt a common East Asian currency.

The academics from Korea, China and Japan met in Seoul for an international seminar on exchange-rate cooperation between Korea, China and Japan, which they said was badly needed.

Uri Party lawmaker Chung Duck-koo, who was head of the organizing team committee said, "The idea of a unified Asian currency is not, in the end, a wild dream...

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