Feb 28, 1998, 12:01 AM
News Code: 9121021
0 Persons
issues currency discuss chiefs finance asean the from ministers finance -- irna-kyodo-oana 28, .feb jakarta, in today talks held (asean) nations asian southeast of association regional in currencies asean of use greater for proposal a on jakarta the in crisis currency ongoing the with coping of means a as trade .region meeting the at paper a submitted malaysia said sources asean be would system currency the in participation that proposing orderly its ensure to stages in out carried be would and voluntary .implementation be would system ''market-oriented'' the said paper the system payments and trade existing the with parallel in introduced on controls or restrictions additional constitute not would and .payments and trade internatitnal the on dependence region's the reducing at aimed is proposal the which currencies, asean weak revive to helping at and dollar .s.u last since dollar .s.u the against value in sharply fallen have .summer private or institutions financial government banks, central offsetting payments, trade for agents clearing as act would entities .dollars in difference the paying and receivebles other's each of agents clearing between settled periodically be would trade amount the reducing thereby basis, net a on countries participating .required exchange foreign of much do will measure proposed the that doubt economists some but region the within trade since dollar .s.u the on dependence reduce to total the of percent 8.22 only reaching small, relatively remains .1996 in nations asean by traded dollars billion 6.170 kyodo/jh end