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The economy of Asia is comprised of more than 3917508 people (60% of the world population), living in 46 different states. In addition to this there are six further states that lie partly in Asia, but are considered to belong to another continent economically and politically.
As in all continents, the wealth of Asia differs widely between, and within, states. This is due to its vast size, meaning a huge range of differing cultures, environments, historical ties and government systems. The largest economy in Asia in terms of GDP is Japan, the smallest Mongolia, (although there is currently no reliable data for either Iraq or North Korea). This demonstrates the huge disparity in wealth on the continent, with Japan being the world's second largest economy, and North Korea being one of the poorest.
The Commonwealth of Independent States (CIS) is a confederation consisting of 12 of the 15 states of the former Soviet Union, both Asian and European, (the exceptions being the three Baltic states). Although the CIS has few supranational powers, it is more than a purely symbolic organization and possesses coordinating powers in the realm of trade, finance, lawmaking and security. The most significant issue for the CIS is the establishment of a full-fledged free trade zone / economic union between the member states, to be launched in 2005. It has also promoted cooperation on democratisation and cross-border crime prevention.
Below is a list of the currencies of Asia, with exchange rates between each currency and both the Euro and US Dollars as of 17th November 2004.
Country | Currency | worth in Euro | worth in USD | Central Bank |
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Table correct as of 17th November 2004
to be completed
to be completed
to be completed
Economy of:
States which lie partly in Asia but are considered, in an economic and political sense, to be European:
States which lie partly in Asia but are considered, in an economic and political sense, to be African: