| A list of 57 countries including Australia have been finalised as founding members of a new multi-billion dollar investment bank being led by China this week. Economist Clifford Bennett says the AIIB could deliver a single currency for Asia, like the Euro, in 15 years time.
"We could have a currency in Asia in 15 to 20 years time which is a kin to the Euro for Europe," he said. "A lot of people criticise the Euro but it has sustained and survived a major crisis and threat and if we had that scentario in Asia we could be selling our iron ore and copper to China without any upward appreciation on the currency at all and we'd have a far more balanced economy then.".........................................Full Article: Source
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