UNESCO Ambassador welcomes common currency proposal

COLOMBO: Madanjeet Singh, UNESCO’s Goodwill Ambassador and founder of the South Asia Foundation has welcomed President Mahinda Rajapaksa proposal to establish a common currency for South Asia.

In a letter to President Rajapaksa, Ambassador Madanjeet Singh has congratulated him for his proposal for a common currency for South Asia made at the recently concluded 14th SARRC Summit held in New Delhi.

Ambassador Singh’s letter states the Governing Council of the South Asia Foundation is happy at this proposal, because at their annual general meeting at UNESCO House, Paris, held recently, “they too had recommended a common currency called the ‘Sasia’, with a hope that it will become the anchor of economic stability and regional cooperation like the Euro.