ADB meeting hears single currency decades away

The Asian Development Bank (ADB) annual meeting heard on Friday 14 May that East Asia's dream of a European Union-style single currency remains decades away, although initial steps have been taken towards regional economic and financial integration.

With a region as diverse as Asia, political will is crucial if this dream is to become a reality, they said at a seminar on the eve of the Asian Development Bank (ADB) annual meeting.

"When we think about a single currency, the greater the political

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