The Malaysian Minister for International Trade and Industry, Mustapa Mohamed, told the BBC that the single market that the 10 nations of South East Asia (Asean) are forming by the end of the year will not include a single currency in their deliberations.
Mr Mohamed told me at the World Economic Forum in Jakarta that a single monetary policy was out of the question in the near future, as we discussed lessons from the European experience that could apply to the Asean Economic Community (AEC) that is due to launch at the end of year.
He pointed to the vastly different levels of income in Asean which would make sharing a currency - and therefore monetary policy - infeasible. He told me that there would not be the equivalent of the European Central Bank in the AEC in the foreseeable future.