The trouble began 16 months ago with a run on Thailand's currency, the baht, then spread quickly to other southeast Asian monetary units, including the Malaysian ringgit and the Indonesian rupiah.
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The Asian Monetary Unit, which has been created as the joint project of 21st century COE project of Hitotsubashi University and RIETI, is a common currency basket composed of 13 East Asian currencies, such as ASEAN 10 plus Japan, China and South Korea.
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