SINGAPORE (Oct 14): An Asean or Asia with freer movement of labour, capital, goods and services. That is what Malaysian Prime Minister Dr Mahathir Mohamad is championing in his push for a common trading currency in East Asia. Speaking at The Future of Asia conference in May, sponsored by Nikkei, he said: “In the Far East, if you want to come together, we should start with a common trading currency.” He added that such a currency was “not to be used locally, but for the settling of trade”.

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