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December 31, 2003

India's call for South Asian currency could take years to achieve

Channelnewsasia.com

India's proposed single South Asian currency would foster trade and economic growth but it could be a long time before the region of 1.4 billion people gets its version of the euro, experts say.

"The experience in Europe shows several stages of economic cooperation have to be successfully implemented before we can think of a common currency," said Manmohan Singh, the architect of India's free-market reforms a decade ago.

Europe's single currency was adopted in 1999 after decades of effort. In South Asia, one of the world's poorest and most politically troubled regions, "it could take years before it can be achieved," Singh told AFP.

Talk about a single currency among the seven-member South Asian Association for Regional Cooperation (SAARC) which groups Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka has surfaced from time to time amid the push toward global economic integration.

But Indian Prime Minister Atal Behari Vajpayee gave it new life ahead of the SAARC summit to be held in Islamabad on January 4 to 6.

Posted by Ramdhan Yadav at December 31, 2003 12:47 AM Perma Link
Comments

Subject: A proposal to build a South Asian Union (SAU) like European Union by expanding SAARC states.
His Excellencies,
Presidents, Prime Ministers, Kings, Head of Governments & States, Political & Religious Leaders, Intellectuals, Educationists, Economists, Welfare Organizations, Mass People of South Asian region.
Peace be upon all of you, history is repeating from the creation of human life till now and will be repeated until the last final judgment of Creator. Actually, Creator created us as his best creation of life but we divided it into different nations, religions, cultures, languages, ideologies, etc in several thousands of years since the appearance of 1st human Adam (PBUH). We don’t know when the human life on earth will be finished for ever on dooms day, but some think that human life never stop repeating it’s wrongs. Now we have seen that the days of the human being are becoming more critical, insecure, divided among our selves in different ideas, increasing of poverty, and destruction of economy of some nations in comparison with the economy of some rich countries of the west. So the time for South Asian nations to unite as a strong body which is most caring for the inhabitants of this region has come, and in this way, we can develop ourselves. I have no right to waste your valuable time, but my heart is pressing me to place this proposal or advice to the holy hearts of our great rulers of the people of SAARC countries.

Proposal for future South Asian Union (SAU)

1. The mass people of this region want to abolish visa system for them selves in order to enjoy traveling facility freely and free trade among the regional countries like EU states. We can include Saudi Arabia, Yemen, Oman, United Arab Emirates, Qatar, Bahrain, Kuwait, Iraq, Jordan, Lebanon, Palestine, Syria, Turkey, Cyprus, Iran, Azerbaijan, Turkmenistan, Uzbekistan, Kazakhstan, Kyrgyzstan, Tajikistan, Afghanistan, Myanmar, Thailand, Cambodia, Laos, Vietnam, Malaysia, Indonesia, Singapore, Brunei, China, Mongolia, North Korea, South Korea, Japan & Philippine. The Afghan president his Excellency Mr. Hamid Karzai and his Government also shows interest for entering into SAARC.

2. If we can include thirty seven more countries (Saudi Arabia, Yemen, Oman, United Arab Emirates, Qatar, Bahrain, Kuwait, Iraq, Jordan, Lebanon, Palestine, Syria, Turkey, Cyprus, Iran, Azerbaijan, Turkmenistan, Uzbekistan, Kazakhstan, Kyrgyzstan, Tajikistan, Afghanistan, Myanmar, Thailand, Cambodia, Laos, Vietnam, Malaysia, Indonesia, Singapore, Brunei, China, Mongolia, North Korea, South Korea, Japan & Philippine) with the seven countries of SAARC (Pakistan, India, Nepal, Bhutan, Bangladesh, Sri Lanka and Maldives), then this organization or union will be one of the strongest unions. Then we can establish a powerful single currency like EURO as, for example SACU (South Asian Currency), dollar, or any other selected by the forum. And currency value can be fixed by averaging the currency values of the nations concerned.

3. All states will keep there own national flags as state flag and one common union flag, like that of EU.

4. We can establish joint military command council for the defense of the whole region like EU. That means we can unite in a union to ensure human life security along with a strong economy like European Union.
I do not know when the people of this region of South Asia will start to feel love and affection for each other, and will be united. But we should try to establish a golden future for ourselves. If successful, then generation after generation of this region will remember you for your kindness. God bless us with eternal & external peace.

Yours,
Saulat Kamran
E-Mail Address: saulat@dhaka.net
Website: http://www.southasianunion.net
House No -28, Road No-4, Dhanmandi R/A.
Dhaka, Bangladesh.

Posted by: SAULAT KAMRAN at December 30, 2006 06:35 AM

Subject: A proposal to build a South Asian Union (SAU) like European Union by expanding SAARC states.
His Excellencies,
Presidents, Prime Ministers, Kings, Head of Governments & States, Political & Religious Leaders, Intellectuals, Educationists, Economists, Welfare Organizations, Mass People of South Asian region.
Peace be upon all of you, history is repeating from the creation of human life till now and will be repeated until the last final judgment of Creator. Actually, Creator created us as his best creation of life but we divided it into different nations, religions, cultures, languages, ideologies, etc in several thousands of years since the appearance of 1st human Adam (PBUH). We don’t know when the human life on earth will be finished for ever on dooms day, but some think that human life never stop repeating it’s wrongs. Now we have seen that the days of the human being are becoming more critical, insecure, divided among our selves in different ideas, increasing of poverty, and destruction of economy of some nations in comparison with the economy of some rich countries of the west. So the time for South Asian nations to unite as a strong body which is most caring for the inhabitants of this region has come, and in this way, we can develop ourselves. I have no right to waste your valuable time, but my heart is pressing me to place this proposal or advice to the holy hearts of our great rulers of the people of SAARC countries.

Proposal for future South Asian Union (SAU)

1. The mass people of this region want to abolish visa system for them selves in order to enjoy traveling facility freely and free trade among the regional countries like EU states. We can include Saudi Arabia, Yemen, Oman, United Arab Emirates, Qatar, Bahrain, Kuwait, Iraq, Jordan, Lebanon, Palestine, Syria, Turkey, Cyprus, Iran, Azerbaijan, Turkmenistan, Uzbekistan, Kazakhstan, Kyrgyzstan, Tajikistan, Afghanistan, Myanmar, Thailand, Cambodia, Laos, Vietnam, Malaysia, Indonesia, Singapore, Brunei, China, Mongolia, North Korea, South Korea, Japan & Philippine. The Afghan president his Excellency Mr. Hamid Karzai and his Government also shows interest for entering into SAARC.

2. If we can include thirty seven more countries (Saudi Arabia, Yemen, Oman, United Arab Emirates, Qatar, Bahrain, Kuwait, Iraq, Jordan, Lebanon, Palestine, Syria, Turkey, Cyprus, Iran, Azerbaijan, Turkmenistan, Uzbekistan, Kazakhstan, Kyrgyzstan, Tajikistan, Afghanistan, Myanmar, Thailand, Cambodia, Laos, Vietnam, Malaysia, Indonesia, Singapore, Brunei, China, Mongolia, North Korea, South Korea, Japan & Philippine) with the seven countries of SAARC (Pakistan, India, Nepal, Bhutan, Bangladesh, Sri Lanka and Maldives), then this organization or union will be one of the strongest unions. Then we can establish a powerful single currency like EURO as, for example SACU (South Asian Currency), dollar, or any other selected by the forum. And currency value can be fixed by averaging the currency values of the nations concerned.

3. All states will keep there own national flags as state flag and one common union flag, like that of EU.

4. We can establish joint military command council for the defense of the whole region like EU. That means we can unite in a union to ensure human life security along with a strong economy like European Union.
I do not know when the people of this region of South Asia will start to feel love and affection for each other, and will be united. But we should try to establish a golden future for ourselves. If successful, then generation after generation of this region will remember you for your kindness. God bless us with eternal & external peace.

Yours,
Saulat Kamran
E-Mail Address: saulat@dhaka.net
Website: http://www.southasianunion.net
House No -28, Road No-4, Dhanmandi R/A.
Dhaka, Bangladesh.

Posted by: SAULAT KAMRAN at December 30, 2006 06:37 AM

Subject: A proposal to build a South Asian Union (SAU) like European Union by expanding SAARC states.
His Excellencies,
Presidents, Prime Ministers, Kings, Head of Governments & States, Political & Religious Leaders, Intellectuals, Educationists, Economists, Welfare Organizations, Mass People of South Asian region.
Peace be upon all of you, history is repeating from the creation of human life till now and will be repeated until the last final judgment of Creator. Actually, Creator created us as his best creation of life but we divided it into different nations, religions, cultures, languages, ideologies, etc in several thousands of years since the appearance of 1st human Adam (PBUH). We don’t know when the human life on earth will be finished for ever on dooms day, but some think that human life never stop repeating it’s wrongs. Now we have seen that the days of the human being are becoming more critical, insecure, divided among our selves in different ideas, increasing of poverty, and destruction of economy of some nations in comparison with the economy of some rich countries of the west. So the time for South Asian nations to unite as a strong body which is most caring for the inhabitants of this region has come, and in this way, we can develop ourselves. I have no right to waste your valuable time, but my heart is pressing me to place this proposal or advice to the holy hearts of our great rulers of the people of SAARC countries.

Proposal for future South Asian Union (SAU)

1. The mass people of this region want to abolish visa system for them selves in order to enjoy traveling facility freely and free trade among the regional countries like EU states. We can include Saudi Arabia, Yemen, Oman, United Arab Emirates, Qatar, Bahrain, Kuwait, Iraq, Jordan, Lebanon, Palestine, Syria, Turkey, Cyprus, Iran, Azerbaijan, Turkmenistan, Uzbekistan, Kazakhstan, Kyrgyzstan, Tajikistan, Afghanistan, Myanmar, Thailand, Cambodia, Laos, Vietnam, Malaysia, Indonesia, Singapore, Brunei, China, Mongolia, North Korea, South Korea, Japan & Philippine. The Afghan president his Excellency Mr. Hamid Karzai and his Government also shows interest for entering into SAARC.

2. If we can include thirty seven more countries (Saudi Arabia, Yemen, Oman, United Arab Emirates, Qatar, Bahrain, Kuwait, Iraq, Jordan, Lebanon, Palestine, Syria, Turkey, Cyprus, Iran, Azerbaijan, Turkmenistan, Uzbekistan, Kazakhstan, Kyrgyzstan, Tajikistan, Afghanistan, Myanmar, Thailand, Cambodia, Laos, Vietnam, Malaysia, Indonesia, Singapore, Brunei, China, Mongolia, North Korea, South Korea, Japan & Philippine) with the seven countries of SAARC (Pakistan, India, Nepal, Bhutan, Bangladesh, Sri Lanka and Maldives), then this organization or union will be one of the strongest unions. Then we can establish a powerful single currency like EURO as, for example SACU (South Asian Currency), dollar, or any other selected by the forum. And currency value can be fixed by averaging the currency values of the nations concerned.

3. All states will keep there own national flags as state flag and one common union flag, like that of EU.

4. We can establish joint military command council for the defense of the whole region like EU. That means we can unite in a union to ensure human life security along with a strong economy like European Union.
I do not know when the people of this region of South Asia will start to feel love and affection for each other, and will be united. But we should try to establish a golden future for ourselves. If successful, then generation after generation of this region will remember you for your kindness. God bless us with eternal & external peace.

Yours,
Saulat Kamran
E-Mail Address: saulat@dhaka.net
Website: http://www.southasianunion.net
House No -28, Road No-4, Dhanmandi R/A.
Dhaka, Bangladesh.

Posted by: SAULAT KAMRAN at December 30, 2006 06:38 AM
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