The Southeast Asia economic bloc wants to preserve the competitiveness of the exports sector of each of the member economies.
So it will not adopt a common currency.
This was stressed by Le Luong Minh, secretary-general of the Association of Southeast Asian Nations (Asean), at the MAP International CEO Conference in Makati City on September 10 2013.
He said when countries form a single currency, they give up the power of an independent monetary policy and can no longer use tools, like interest rates, to address cyclical needs of a country's specific industries or financial services.
This point is reiterated by the Malaysian Minister for International Trade and Industry, Mustapa Mohamed when he told the BBC at the World Economic Forum held in Jakarta in April 2015 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.
http://www.rappler.com/business/economy-watch/38664-why-asean-will-not-have-a-common-currency
http://www.bbc.com/news/business-32383929
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