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Gold/Mining/Energy : Gold Price Monitor

GDXJ 136.03

+6.2%

4:00 PM EST

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To: Alex who wrote (12581)	6/4/1998 2:51:00 AM
From: Ahda	Read Replies (1) of 116895

Hi Alex Mahathir sees talk on single Asia currency 'later' TOKYO, June 4 (Reuters) - Malaysian Prime Minister Mahathir Mohamad said on Thursday he expects ''serious consideration'' will eventually be given to the idea of a single Asian currency, but indicated it will not be soon. ''At some stage there will be talk and even serious consideration of the need for an Asian common currency,'' Mahathir said, answering questions after a speech to a Tokyo symposium. But he said it would take a long time and ''a lot of argument'' to talk through such a concept. In the meantime, he suggested that ''other ways'' be considered. Mahathir has recently said that Southeast Asian nations are considering forming a trade-weighted basket of currencies to reduce their reliance on major currencies such as the dollar.

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