against the UK joining the European single currency. The European single currency is a common legal tender currently used by 17 of the 27 member states of the Euro zone. This single currency is known as the Euro which was first introduced as an electronic currency on 1st January 1999‚ where it could only be used for cashless payments. Then later on in 2002‚ the euro became a physical state‚ notes and coins. The intention of creating a single European currency was in order to make it easier to
Premium European Union Euro Eurozone
Fong Yuen Ying (Fioni) EU’s unknown Asia - Does Asia need a single currency to lead the world? As the euro has contributed to the culture and economy of Europe‚ I would like to examine if Asia‚ particularly East Asia‚ could learn a lesson from the EU to create a single currency. In fact‚ small intra-regional exchange rate misalignment can interrupt trade and investment flows and potential trade frictions can occur among regional economies. It suggests that the need for intra-regional exchange
Premium Asia United States dollar Euro
The Association of Southeast Asian Nations (ASEAN) has plans to fast track the integration of its member countries over the next few years. Aside from encouraging cooperation through traditional diplomatic and cultural activities‚ there are also ambitious proposals for ASEAN to issue a single visa and currency‚ and even form a united regional Olympic team. The advantages of a united ASEAN are easy to imagine. A cohesive ASEAN would likely bring tremendous benefits to Southeast Asians in the forms
Premium Southeast Asia Philippines
Question 2; “All countries in the EU should join the single currency‚ all of them. A single currency would really allow businesses to prosper”. The European Union more commonly known as the EU‚ is known formally as the European Economic and Monetary Union. The EU establishes a common market among its 28 member countries which means that all border controls between members have been eliminated‚ allowing the free flow of goods and people. Public contracts are open to bidders from any member country
Premium European Union
waged for several years now‚ ever since news of a single European Economic Union came first surfaced nearly fifteen years ago. The idea was simple‚ and focused on allowing multi-national European countries greater ease‚ and cost effective benefits when trading between countries. In a sense‚ the EEC was trying to implement an economic model similar to that of the United States‚ where amongst all fifty of the states there existed a single currency under a central federal bank that controlled the national
Premium European Union Euro Europe
What is ASEAN? ASEAN stands for the Association of Southeast Asian Nations‚ an organization that was founded on 8 August 1967 in Bangkok‚ Thailand. Its original charter counted five member-countries: Indonesia‚ Malaysia‚ the Philippines‚ Singapore‚ and Thailand. Since then‚ five other nations have joined: Brunei in 1984‚ Vietnam in 1995‚ Myanmar (Burma) and Laos in 1997‚ and Cambodia in 1999. The member-countries are sprawled over an area of 1.74 million square miles (4.5 million square kilometers)
Free Southeast Asia Cambodia
roadmap for ASEAN Community by 2015 Introduction My name is P. I am a human resource development officer in the Department of Foreign Trade in Thailand. According to the Association of Southeast Asian Nations Community 2015 that Thailand is planning to attend in 2015‚ my responsibility is providing support in the various human resource functions‚ which include training and developing. The main purpose of this document is to provide the preparation for Thais on the roadmap of ASEAN Community 2015
Free Southeast Asia
Overview of ASEAN-EU Dialogue Relations Introduction The ASEAN-European Union (EU) dialogue relations were formalised when the 10th ASEAN Foreign Ministers Meeting (AMM)‚ held on 5-8 July 1977‚ agreed on ASEAN’s formal cooperation and relationship with the European Economic Community (EEC)‚ which included the Council of Ministers of the EEC‚ the Permanent Representative of the EEC countries and the EEC Commission. The ASEAN-EU dialogue relations were institutionalised with the signing of the
Premium European Union International trade
Mission 4. Objectives 5. Operation 6. SWOT Analysis 7. Some major Criticism of the Organisation. 8. Conclusion & Recommendations 1. Introduction The Association of South East Asian nation (ASEAN) is an Organisation formed by the East Asian nations in 1967. These nations include Indonesia‚ Malaysia‚ Philippines‚ Singapore‚ and Thailand which were the first five members state that formed the Association and later were joined by other smaller
Premium Southeast Asia Asia Philippines
afternoon in Vietnamese. Thanks for being here today. I’m________ ______________ and I’m from Santa Cruz Suksa School. I’m here today to talk about how to prepare for ASEAN community 2015. So how can we do that? First‚ ASEAN people‚ including the youth‚ should acknowledge tourism destinations in all ASEAN countries. Acknowledging the ASEAN potentials‚ especially in tourism‚ is must. We can’t take further action if we don’t know about our own potentials. By maintaining the tourism potentials like building
Premium Tourism Switzerland Australia