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United Nations Proposes New "Global Currency"
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Added: Sep 14, 2009
RussiaToday: September 8, 2009 CBSNEWS: September 9, 2009 "The United Nations would like the dollar, euro, yen, and other national currencies to be succeeded by a new "global currency." That recommendation appears in a U.N. report released this week, which suggests the dollar's outsize role in international finance has ended -- and says that it's time to invent a successor currency that would be managed by a "Global Reserve Bank." Countries could "agree to exchange their own currencies for the new currency, so that the global currency would be backed by a basket of currencies of all the members," says the 218-page report from the U.N. Conference on Trade and Development." Continue reading: http://www.cbsnews.com/blogs/2009/09/09/taking_liberties/entry5298305.shtml
Category : News
Added: Sep 14, 2009
RussiaToday: September 8, 2009 CBSNEWS: September 9, 2009 "The United Nations would like the dollar, euro, yen, and other national currencies to be succeeded by a new "global currency." That recommendation appears in a U.N. report released this week, which suggests the dollar's outsize role in international finance has ended -- and says that it's time to invent a successor currency that would be managed by a "Global Reserve Bank." Countries could "agree to exchange their own currencies for the new currency, so that the global currency would be backed by a basket of currencies of all the members," says the 218-page report from the U.N. Conference on Trade and Development." Continue reading: http://www.cbsnews.com/blogs/2009/09/09/taking_liberties/entry5298305.shtml
Category : News
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