It Takes Won to Know Won Trivia Quiz

Answer:

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).