The document discusses the future of global currencies and the potential rise of the Asian Currency Unit (ACU) as a third global reserve currency alongside the US Dollar and Euro. It argues that while an Asian Monetary Union is unlikely by 2020, the introduction of a parallel ACU currency based on a basket of Asian currencies could provide balance to economic influence and trade. Over the next decade, greater coordination will be needed between major economies on financial regulation through organizations like the G20 and FSB. The successful implementation of an ACU could impact Asia through increased financial integration and give the region more influence in the global economy.
Libra6 Management, Corp (Libra6) provides seed through growth capital for companies focused on technology primarily for enterprise customers. Libra6 invests across sectors Entertainment, Cleantech; Healthcare; Real Estate Aerospace.
Impact of Liquidity crisis to commercial banks in ZimbabweAleck Makandwa
A research carried out by a 2:2 student studying Banking and Finance at Great Zimbabwe Universty which can help Bankers and those who are interested in Banking System to know about the effects of Liquidity crisis to commercial banks in Zimbabwe.....
Libra6 Management, Corp (Libra6) provides seed through growth capital for companies focused on technology primarily for enterprise customers. Libra6 invests across sectors Entertainment, Cleantech; Healthcare; Real Estate Aerospace.
Impact of Liquidity crisis to commercial banks in ZimbabweAleck Makandwa
A research carried out by a 2:2 student studying Banking and Finance at Great Zimbabwe Universty which can help Bankers and those who are interested in Banking System to know about the effects of Liquidity crisis to commercial banks in Zimbabwe.....
Acacia Research and Learning Forum - Tutorial 1, 8 October 2009
Strengthening Theory and Methodology for ICT4D Research
Facilitator: Camilo Villa
Dakar, Senegal
PM Careers - Address to Management StudentPM Academy
This is a presentation delivered to business school graduates to consider Project Management as either a career option or a key capability development focus area.
Prezentacja przedstawiona podczas konferencji HR Camp w lutym 2010. Przedstawia trendy w rozwoju korporacyjnych stron kariery i strategie ich budowy dla tworzenia atrakcyjnej marki pracodawcy - employer branding.
Presentation given at Future Learning Landscape Workshop held at EC-TEL 2009. Presents some elements about the convergence of pervasive learning and Personal Learning Environments
Presentation made 11/15/2011 to Georgetown University Sports Management Graduate students. Encouraged students to embrace tablets and mobile technology as they prepare to enter their careers. Presentation titled "iPad and Mobility..."
Future of Currency - Initial PersepctiveFuture Agenda
An initial perspective on the future of currency by Patrick Teng, CEO of Six Capital in Singapore. This is the starting point for the global future agenda discussions taking place as part of the futureagenda2.0 programme. www.futureagenda.org
This is an updated view on future of currency. Building on the new initial perspective authored by Patrick Teng, CEO of Six Capital, it includes insights from events in Asia and will be added to in Europe as we explore how currency is changing over the next decade.
International Monetary System: The International Financial System - Reform of International Monetary Affairs
- The Bretton Wood System and the International Monetary Fund, Controversy over Regulation of International
Finance, Developing Countries' Concerns, Exchange Rate Policy of Developing Economies.
International Monetary System: The International Financial System - Reform of International Monetary Affairs
- The Bretton Wood System and the International Monetary Fund, Controversy over Regulation of International
Finance, Developing Countries' Concerns, Exchange Rate Policy of Developing Economies.
The Global Economy in 2014 – 5 Key Trends - Global Perspectives White Paper -...GECKO Governance
Every year Global Perspectives publishes its annual white paper covering the 5 keys trends we see impacting the global economy in the year ahead.
This year we will look the major global economies and examine the major trends that will influence them over the next twelve months.
Sign up for all our white papers on the site or email:-
shane@globalperspectives.co.uk
Global Macro-economics, Trends, Portfolio ImplicationsNikunj Sanghvi
My presentation to the Bombay Chartered Accountants' Society International Economic Study Circle on Global macro-economics, trends, portfolio implications
Aug 7th 2013
Mumbai, India
Deloitte 2014: Global Powers of Luxury GroupsDigitaluxe
Deloitte presents the first annual Global Powers of Luxury Goods. This report identifies the 75 largest luxury good companies around the world based on publicly available data for the fiscal year 2012.
Summary of the 52 insights for the world in 2020 to come out of the Future Agenda programme. Covers certain developments as well as probable events across health, wealth, happiness, security, mobility and locality
Future Agenda Initial Perspectives Full TextFuture Agenda
The full text of all 16 initial expert perspectives used to kick off the future agenda programme. Covering the future of authenticity, choice, cities, currency, data, energy, food, health, identity, migration, money, transport, waster, water and work, these provide a great perspective which we invite you to build on via the futureagenda.org website
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Buy Verified PayPal Account | Buy Google 5 Star Reviewsusawebmarket
Buy Verified PayPal Account
Looking to buy verified PayPal accounts? Discover 7 expert tips for safely purchasing a verified PayPal account in 2024. Ensure security and reliability for your transactions.
PayPal Services Features-
🟢 Email Access
🟢 Bank Added
🟢 Card Verified
🟢 Full SSN Provided
🟢 Phone Number Access
🟢 Driving License Copy
🟢 Fasted Delivery
Client Satisfaction is Our First priority. Our services is very appropriate to buy. We assume that the first-rate way to purchase our offerings is to order on the website. If you have any worry in our cooperation usually You can order us on Skype or Telegram.
24/7 Hours Reply/Please Contact
usawebmarketEmail: support@usawebmarket.com
Skype: usawebmarket
Telegram: @usawebmarket
WhatsApp: +1(218) 203-5951
USA WEB MARKET is the Best Verified PayPal, Payoneer, Cash App, Skrill, Neteller, Stripe Account and SEO, SMM Service provider.100%Satisfection granted.100% replacement Granted.
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
2. By 2020, will we, for instance, therefore see the ACU
(Asian Currency Unit) develop from an Asian Monetary
Union to become the third global currency alongside
the Euro and the dollar? While Asia may not be ready
for a common currency, the time is right to work
towards a parallel currency. Furthermore, within this
context, would the ACU be pegged to the Yuan or the
Yen? And will the Rupee be part of the basket that
determines the value of the ACU? These global
currency reserve questions are a primary challenge for
the world’s economies for the next ten years.
While I see that this is the main issue, I believe that
during the next decade we will also have to address two
other significant issues along the way:
One of the most important of these is the continuation
of money laundering that will increasingly impact the
smaller economies as the larger ones take steps to
minimize the impact on their own systems. Will such
countries as Switzerland and The Bahamas, as well as
other financial havens, finally be brought into the
financial mainstream and stop affording haven status
to residents of other countries? Will the advanced
economies come together and force the emerging
economies to join in the move against laundered and ill
gotten wealth?
We also have the impact of replacing printed and
minted money with electronic equivalents: The move to
digital money will certainly raise a number of major
issues. Especially as the banking and mobile
telecommunications sectors see their interests
converge in developing more widespread electronic
transactions which will minimise the use of cash, or
even traditional credit as we know it, digital money will
have increasing applicability. As banks adopt new
software and the Bank for International Settlements
develops guidelines for electronic money, its movement
across national borders will become practical. However,
what is the real pace of the related technologies and
who either individually or collectively will emerge as the
real driver for this convergence? Given the access gap
that still exists for significant proportions of the
population in many developing nations, will we need to
wait for true, near ubiquitous mobile connectivity and
24/7 energy supply before digital money can really
have global impact?
Both of these issues will have impact upon international
remittances, inter-bank transfers and the many
associated financial vehicles that are presently in place.
I see that greatest challenge for the next decade to be a fundamental one - what should the world’s currencies
be? Over the last century we have seen the rise of the US dollar as the primary unit of global currency which
we use to measure and value much of our relative individual, organisational and national wealth and
investments, and through which we exchange, trade and price commodities, businesses, goods and services.
The status of the US dollar as the global reserve currency is however under enormous pressure and, with the
rise of new currency blocs in the world, many have been asking whether the Euro will emerge as an alternative
reserve currency. The 2008-9 financial crisis put enough pressure on the US currency to such an extent that
many now see that we need an alternative, but the question is what? Will the US remain as the pre-eminent
financial power or will its influence secularly decline stimulated by the recent crisis and its inability to achieve
a major technological breakthrough or exercise the necessary conditions for it to remain a reserve currency?
And, if we go for an alternative, why would this be the Euro?
The Global Challenge
The status of the
US dollar as
the global reserve
currency is
however under
enormous
pressure
33Future of Currency
3. Over the same period, it is possible, but not highly
probable, that the Euro will become a major reserve
currency. Although the European Monetary Union led to
the public introduction of the Euro in 2002, this was
twenty years after the first creation of the ECU as an
artificial basket currency used by participating countries
as their internal accounting unit. It is unlikely that,
another two decades later, the Euro will have become
quite as significant a currency as the dollar, but it may
not be far off. A world where the Euro has equal status
to the dollar as a reserve currency is increasingly
credible.
However, at the same time, it is certain that the Yuan
is emerging as the central focus for economic and
financial activity in Asia with increasing number of
transactions occurring in that currency, though with
limited convertibility. We have seen the rise of China to
become the world’s primary economic power. This is
accompanied by a similar rise of India and the
associated rebalancing of wealth between the West
and the East. Although the recent economic model has
largely been one where Asians produce goods that are
bought by Americans using money that is lent back to
them by the Asians, this may not last much longer: As
a number of commentators, including historian Niall
Ferguson, have argued this ‘Chimerica’ balance is not
sustainable in the long term and, as such, a leverage
based model cannot continue. The 2008 shock to the
global financial system could have significant influence:
De-leveraging is already happening as individuals and
governments across Asia decrease their investments in
the US dollar.
That said, over the next decade, it is unlikely that we will
really see the emergence of the ACU as the third
currency block. This is because Asians cannot decide
on either a viable collation or leadership by one of the
countries. As experts, including Jin-Chuan Duan at the
National University of Singapore, have highlighted:
although much debated, Asian Monetary Union looks
unlikely in the short term. Just as with the formation of
the ERM and the Euro, the realisation of the ACU as a
single regional currency would demand cross subsidy
via taxation between countries, the loss of autonomy in
the conduct of monetary policy and the partial surrender
of some national sovereignty: Right now the Asian
version of the Euro is theoretically possible but
practically far from certain. However, dual currency
systems are common and I believe that, although Asian
Monetary Union is improbable by 2020, a parallel
currency ACU that allows for exchange rate
adjustments is practical. But the ACU must be based
on a wider basket than just the ASEAN countries.
It is certain that for the next decade the US dollar will remain as one of the reserve currencies. As such it will
still be a key currency for foreign exchange and a transaction currency for international trade and investments
in 2020. The US dollar will continue to be integrated into, and influential upon, the world economy.
Options and Possibilities
De-leveraging is
already happening
as individuals
and governments
across Asia
decrease their
investments in
the US dollar.
What do you think? Add your views to the global perspective on www.futureagenda.org
34 Future of Currency
4. In a similar manner to how Shell’s current global scenarios
outline the future for the energy sector, I see that the
challenge in the financial world is to also ensure that we
try our best to follow the ‘blueprint’ and not the
‘scramble’ approach: I suggest that we need to
strengthen the global coordination mechanisms to
facilitate the monitoring of global financial flows and
enable the emergence of new technologies to help
balance the system. The major economies represented
in the G20 need to agree to have some arrangement for
a universally acceptable reserve currency, starting as a
unit of account and then also phasing it in as a currency
of exchange. I believe that we should adopt such a
universally acceptable currency that does not face the
risk of being debased as a result of the fiscal and
financial indiscipline on the part of any one country. The
ACU has the potential to be that currency. But to function
as such it must include the Rupee: India is currently the
largest economy of South Asia and plays a far more
influential role across Asia as a whole than many of the
ASEAN countries. The ACU has been seen as a
precursor to a common future currency, just as the ECU
was for the Euro. Therefore, it is important to focus on
how the world will therefore look when this occurs - India
is currently poised to be the third largest economy in the
world over the next 30 years. Hence the inclusion of
India in Asian economic monetary integration is prudent.
Many would correctly suggest that a true single world
currency is not practical: Differential interest rates and
selective monetary policies make it impossible and
currency harmonization cannot readily be implemented
while different countries are in different stages of
economic development. The IMF is not a super central
bank and turning Special Drawing Rights into a world
currency is neither possible nor practical. However, the
introduction of a broad basket ACU as the third global
reserve currency will provide the world with the
opportunity to more appropriately balance economic
influence and trade.
Over the next decade, we will move unmistakably towards a multi-polar world which will be characterized by
a much broader consultative process that extends to a larger number of jurisdictions. Greater coordination
amongst major economies on financial sector regulation will be needed, and this can be facilitated by the
newly enlarged Financial Stability Board based in Basle. At its core, the coordination will have to be aimed
at achieving greater trust in the transparent and universally applicable working of the financial system. This
will especially need to dispel the fear that the global financial system has a bias in favour of any one country
or group of countries or group of dominant institutions. As the G20 has superseded the G7, financial
management of the global system must become more equable: Within this it is possible that a more prominent
role is given to Special Drawing Rights - the international reserve assets managed by the IMF that currently
amount to over $300 billion. It was used to boost global liquidity in 2009, but additional ongoing and arguably
more proactive applications should be made more practical.
Proposed Way Forward
The introduction
of a broad-basket
ACU (Asian
Currency Unit)
as the third global
reserve currency
will provide the
world with the
opportunity to
more appropriately
balance economic
influence and
trade.
35Future of Currency
5. When the European Monetary System first came into
effect in March 1979, few people believed that within
two decades a single European currency would be a
reality. At the time of inception the European Currency
Unit (ECU) had as little chance of becoming Europe’s
currency as Special Drawing Rights (SDR) had of
becoming the world’s currency.
If the Asian Development Bank takes the European
model forward and creates a parallel currency that is a
plural basket of national currencies, the Asian region
as a whole will gain some decoupling from the US
dollar. This will allow economic agents in the region to
invoice financial and trade transactions in a common
currency and reduce exchange rate risks as well as
channel Asia’s savings more efficiently within the
region. As a regional benchmark, the ACU will help
share the degree of divergence of each participating
countries’ currencies, which will improve the
understanding of generic problems in a particular
currency’s market and in pursuing macroeconomic
policies. The ACU can be used to devise new
instruments that can be easily traded across borders;
importers and exporters can denominate intra-Asian
trade in ACU; and governments and corporate bodies
may wish to issue bonds in ACU and banks can take
deposits and provide loans denominated in ACU. The
widespread use of ACU will definitely increase the
extent of financial and trade integration in this part of
the world. As such Asia as a whole, rather than as
individual countries, will achieve more balanced
influence in the global economy.
To overcome the obstacles that currently exist, such as
strengthening the Chaing Mai Initiative and the Asian
Bond Fund and managing diverse exchange rates, we
clearly need to create and strengthen international
safeguards and promote the use and acceptance of a
parallel currency. The move towards an ACU as a legal
tender alongside domestic currencies will necessitate
significant monetary and exchange rate cooperation
among participating countries and, as with Germany in
Europe, the role of a centre country or centre countries
also needs to be clear.
The US dollar currently acts as the de facto parallel
currency in Asia, just as it did in Europe in the early
1970s. However the fast emerging global rebalance is
very different to the world of the 1970s and
necessitates a move away from the dollar. It is in the
interest of the Asian central banks to move away from
the dollar to assets denominated in an alternative
currency, and the ACU can be that alternative. If the
ACU becomes a global reserve currency then a much-
needed, major world shift can occur: Central banks can
diversify their foreign currency reserves and hold part of
their reserves in ACU; investors can invest in ACU
denominated instruments; and both corporations and
national governments can finance their operations by
issuing ACU denominated debt. Such a move will have
a positive impact on reduction of global imbalance as it
will hasten the depreciation of the US dollar vis-à-vis
other countries.
The successful acceptance of an ACU driven by a wide basket of national currencies will, in itself, have
several significant impacts within Asia: If the ACU is positioned alongside the US dollar and the Euro as a third
global reserve currency the broader implications will be far-reaching.
Impacts and Implications
If the ACU is
positioned
alongside the
US dollar and
the Euro as a
third global
reserve currency
the broader
implications will
be far-reaching.
What do you think? Add your views to the global perspective on www.futureagenda.org
36 Future of Currency
6. It is in the interest
of the Asian
central banks
to move away
from the dollar
to assets
denominated
in an alternative
currency, and
the ACU can be
that alternative.
37