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It Takes Won to Know Won Trivia Quiz
The concept of the Asian Monetary Unit was published in 2005 by the Japanese government body known as RIETI. The theory proposed the creation of a common monetary unit using a basket of 13 Asian currencies.
A collection quiz
by pollucci19.
Estimated time: 3 mins.
Identify ten of the Asian currencies that were proposed for the initial basket. The incorrect answers are African currencies.
There are 10 correct entries. Get 3 incorrect and the game ends.
Kyat Dalasi Peso Pula Yuan DirhamRiel Yen Dinar Kip Dong CediRand Kwacha Naira Baht Rupiah Nakfa Ringgit
Left click to select the correct answers. Right click if using a keyboard to cross out things you know are incorrect to help you narrow things down.
RIETI stands for the Research Institute of Economy, Trade and Industry. The idea of the Asian Monetary Unit (AMI) was created in 2005 along the same lines as the European Monetary Unit, which was the precursor to the Euro common currency. It is important to note that this concept (some eighteen years later) remains purely an academic exercise and it has no real traction among Asian governments.
The original idea, which was also promoted by the Asian Development Bank, set its sights on creating a common regional currency. The belief was that it would better foster free trade within the region. It was also argued that it would strengthen and stabilize regional currencies and exchange rates, reduce regional competitive devaluations and, in the process, dampen the area's dependence on the US dollar.
The proposed "basket" of currencies was to be the following:
Cambodian riel
Chinese Yuan
Indonesian rupiah
Japanese yen
Lao kip
Malaysian ringgit
Burmese kyat
Philippine peso
Thai baht
Vietnamese dong
Also included but, for the purpose of this quiz, we'd omitted the Brunei and Singapore dollars, as it was considered that they may cause some confusion and the South Korean won as it was in the title of the quiz. There were also thoughts by RIETI to include in this basket the currencies of India, Australia and New Zealand because of their strong trade connections in the region.
For the record, the nine incorrect currencies were Rand (South Africa), Dinar (Tunisia), Kwacha (Zambia), Naira (Nigeria), Cedi (Ghana), Pula (Botswana), Dirham (Morocco), Nakfa (Eritrea) and Dalasi (Gambia).
This quiz was reviewed by FunTrivia editor stedman before going online.
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