That is a horrible idea. One currency is a failure and EU has proven to be a failure. ASEAN should remain a trade alliance. It should never be a Block nor should it have an unelected parliament like EU. EU is a bunch of unelected that holds no responsibility to the people of EU and the population cannot remove her!! Worst, she reports to Washington.
This is not a good idea especially when the intention is to follow the EU monetary system and to use the US's $. The best solution is to peg the currency of ASEAN based on the price of gold or to use gold as a monetary system. For a start to be independent of the imbalanced of monetary system is to abandon the use of the US's $.
Trade and customs union first. But I doubt Singapore would agree to this since the world treats them as first world (low barrier) while the rest of ASEAN is third world (high barrier).
What do you guys think about creating a separate currency for exchange between Asian countries while still retaining our own currency? Would it be a good ideal .
Single currency on cross nation trade while individual currency only domestic economy activities so less mismanaged in trade. Or they can us u.s. Dollars as common foreign trade currency and kept their own currency only in domestics trade
Don't let the banks fail if we want trade stable otherwise suffering is beyond human endure. Fix the banks rather than let banks fail. Establish banking stability commision to ensure banks operate in safe zone and alarm if they are in danger zone and reduce over size of flow or massive move to help public digest the implications
Dear wives.. hmmmm.. a single currency can only happen when we abandon our sovereignty, borders and jurisdiction.. hmmmm.. After all it was a concept of the Western world recently introduced.. Hmmmm.. south-east Asia alway was a freedom of movement and choices to live, making a living and raising a family 👪.. Hmmmm.. sovereignty is nothing more than just the ownership of a group of people economy.. Hmmmm.. European 🇪🇺 is a great example when sovereignty and currency and wealth distribution didn't work so well..
The yen better than the yuan i think atleast less soldier marching around stir dirty roads. Online training and education help cross border jobs and investment
Philippines would NOT be included - it is a usa colony, and a violation of the ASEAN charter.
Cry
@@okman9684 The Philippines is crying since they're ostracized even from their own neighbors. 😭
Pinoy wannabe Americanos 😅😅😅
That is a horrible idea. One currency is a failure and EU has proven to be a failure.
ASEAN should remain a trade alliance. It should never be a Block nor should it have an unelected parliament like EU.
EU is a bunch of unelected that holds no responsibility to the people of EU and the population cannot remove her!!
Worst, she reports to Washington.
USA will destroy it like with EU.
After how things turned out in the EU and Euro, I would say that's a really stupid idea.
Bro, even the 2 nations: Singapore and Malaysia wont have a single currency
Natiomal bonding more flexible on market and communications and less on geography may help
This is not a good idea especially when the intention is to follow the EU monetary system and to use the US's $. The best solution is to peg the currency of ASEAN based on the price of gold or to use gold as a monetary system. For a start to be independent of the imbalanced of monetary system is to abandon the use of the US's $.
this guy deserves more likes such a goof video
Trade and customs union first. But I doubt Singapore would agree to this since the world treats them as first world (low barrier) while the rest of ASEAN is third world (high barrier).
What do you guys think about creating a separate currency for exchange between Asian countries while still retaining our own currency?
Would it be a good ideal .
Nope
Nope
On asean we have own payment can convert money country to country so no needed
Single currency on cross nation trade while individual currency only domestic economy activities so less mismanaged in trade. Or they can us u.s. Dollars as common foreign trade currency and kept their own currency only in domestics trade
Don't let the banks fail if we want trade stable otherwise suffering is beyond human endure. Fix the banks rather than let banks fail. Establish banking stability commision to ensure banks operate in safe zone and alarm if they are in danger zone and reduce over size of flow or massive move to help public digest the implications
ASEAN actually had that plan long time ago. But seeing what happened to Khadaffi, it wont happen.
If we use Rupiah as ASEAN currency we could be all a millionaire..
i dont know if your being sarcastic but thats very funny
the original own evidence green in Philippines make all of that country is green.
No need, just use the future BRICS+ currency.
Ditch the €&$&£.
Dear wives.. hmmmm.. a single currency can only happen when we abandon our sovereignty, borders and jurisdiction.. hmmmm..
After all it was a concept of the Western world recently introduced..
Hmmmm.. south-east Asia alway was a freedom of movement and choices to live, making a living and raising a family 👪..
Hmmmm.. sovereignty is nothing more than just the ownership of a group of people economy..
Hmmmm.. European 🇪🇺 is a great example when sovereignty and currency and wealth distribution didn't work so well..
Proposal: ASEAN Baht
$1 = ฿10
The ASEAN 5 :1$
USA will come to your door step to say hello one by one.
The yen better than the yuan i think atleast less soldier marching around stir dirty roads. Online training and education help cross border jobs and investment
Naah...look how well Euro caused collapse of Greek economy and a number of European countries. Not worth it.
Not good example since greek did that to their own economy. Proof is turk wanted to join euro which have better and one of best economy
Euro didn't do it. Greece borrowed a lot just to host an Olympics.
😂😂😂😂 what..rupias ?
Yah why not. Just make it easy for the big boys in the game to boycott you tiny minie nations :)
Very very bad idea
Ringgit RM will be the main currency 💲 of Asean.