Submitted by Morrison Bonpasse, Mar 29, 2007 08:38

Instead of a continuing struggle to see which national or regional currency is THE preeminent international currency, the world should begin planning for a Single Global Currency. The euro is now used by 13 countries in the largest, most successful monetary union in history, and the number will soon grow to 22. Why not develop a monetary union for the 192 members of the United Nations and eliminate the need for foreign exchange reserves, eliminate the problem of imbalances of payments, eliminate the annual $400 billion in foreign exchange transaction costs, and eliminate the risk of currency crises? The goal of the Single Global Currency Assn. is a Single Global Currency, managed by a Global Central Bank within a Global Monetary Union by 2024, the 80th anniversary of the 1944 Bretton Woods Monetary Conference. See www.singleglobalcurrency.org. We should begin planning now.

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