The individual exchange rates won't be supported officially...but if this index is relatively stable vis-a-vis external currencies then it's quite useful.

Our suggestion to Asian countries is: Don't take this continuous financing of the U.S. current account deficit as a given.

The possibility of a US dollar collapse or sharp decline may be small at this point but it would generate very significant turmoil so East Asian economies... ought to be ready for that.

We have a plan to create several indexes, but we want to make these indexes as attractive as possible to the market.

There's been significant progress, but that progress is not quite enough.

Perhaps a single currency may come after that.