Mr Mohamed said 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