The article discusses the possibility of Asian countries forming a currency union like the European Union. It looks at factors like economic development, political stability, and financial systems that would be needed for this to succeed. The European experience shows that a successful currency union requires strong political commitment and well-functioning financial markets. The European Currency Unit faced challenges due to a lack of physical currency and payment systems. The study suggests that for an Asian currency union to work, countries need to meet certain criteria and learn from past mistakes.