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December 31, 2003India's call for South Asian currency could take years to achieveIndia'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. Comments
Subject: A proposal to build a South Asian Union (SAU) like European Union by expanding SAARC states. 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. Yours, Subject: A proposal to build a South Asian Union (SAU) like European Union by expanding SAARC states. 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. Yours, Subject: A proposal to build a South Asian Union (SAU) like European Union by expanding SAARC states. 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. Yours,
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