The Future of MoneyWest Africa is proposing to introduce the Eco, a new currency for 5 or 6 nations, by 2009. It is speculated that a North American currency, such as the Amero might come next. An Asian Currency Unit is also proposed. In the Middle East, many nations use the dinar. An Islamic gold dinar is also proposed. In Mexico, there is a movement to return to using silver as money. One difficulty with currency blocks unifying paper currencies is that it may eliminate the ability of trillions worth of dollars to be exchanged on currency markets. If this kind of trading were to move into the gold and silver markets, the prices for gold and silver could soar. Today, gold and paper money can be traded electronically via online systems. Perhaps ultimately the world will end up trading gold and silver in electronic form. source: wikipedia.org GNU Free Documentation License |
History of money Characteristics of money Desirable features Modern forms Credit Money Creation Problems with precious metals as money Problems with paper as money Basis for value of money Economics Private currencies The Future of Money Supply The World's Richest People
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