Indian Journal of Economics and Development

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Objective: This paper discusses about the international currency and gives an idea about having a new single currency for the entire Asia. It then goes on to explain the structure and the functioning of this new currency.

Methods: Step by step working on how this new currency would function. All exceptions are kept in mind while finding a proper methodology for this to work smoothly.

Findings: From this analysis, we are certain that Asia would be the most suitable continent for initially experimenting this system as it is an evenly structured socio-economic territory.

Conclusion: We conclude that this new system would benefit Asia in a number of ways, would boost its economy and may present a role model for other continents.


Keywords

Brexit, Asia, New Economic Trends, Emerging Economies, International Currency, Dollar, Euro and EU.
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