Proposals for a "world" currency

[Doggy Styles]

http://www.businessweek.com/ap/finan.../D97906R00.htm

Doomed.

What does that mean for the UK?

[PM-Junkie]

What does that mean for the UK?

It's economic news. In CUK terms therefore, it is by definition bad for the UK.

Actually this isn't news. China has been trying to reduce its reliance on the dollar for months. And it isn't the only country tying to do that.

[denver2k]

It's economic news. In CUK terms therefore, it is by definition bad for the UK.

Actually this isn't news. China has been trying to reduce its reliance on the dollar for months. And it isn't the only country tying to do that.

Unlike UK which rely too much on Yanks and good old Gordon

[Not So Wise]

Actually we already have a World currency, it's called the Dollar ($).
Just China stirring it.

Dollar is not a real "world currency" because one country controls the production of it

That said, we will not see a real world currency in our life time, would say good 100+ years until circumstances (read politics) are somewhat right for such a currency for international transactions and probably another 100 years before we would see man on street using it

And my bet is/when it happens it will be called "credit"

[denver2k]

Go back to good old fashioned "Gold" as our money. Use real commodities. No fake wealth generation "from thin air".... Thats the way forward....