ADB economist moots idea of common currency in Asia

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Lei Lei Song, a principal economist at the Asian Development Bank's (ADB) office of regional integration, said today (July 23) that "in the very, very long run, there might be a common currency [in Asia]".

He emphasised, however, that the eurozone crisis had underscored the importance of meeting pre-requisite conditions. "Asia is far from satisfying those pre-conditions," he said.

Song made the comments during a discussion on further integration in Asia, alongside fellow ADB economist Iwan Azis

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