Every now and then, there are calls for an international currency to diversify the current global currency system that is dominated by the US dollar. The current economic crisis has got Russia and China pushing for the concept, which was discussed at the G8 summit in Italy:
The Russian leader proudly displayed the coin, which bears the English words "United Future World Currency", to journalists after the summit wrapped up in the quake-hit Italian town of L'Aquila.
Medvedev said that although the coin, which resembled a euro and featured the image of five leaves, was just a gift given to leaders it showed that people were beginning to think seriously about a new global currency.
"In all likelihood something similar could appear and it could be held in your hand and used as a means of payment," he told reporters. "This is the international currency."
http://www.canada.com/news/Medvedev%2Bsees%2Bsingle%2Bcurrency%2Bdream%2Bcoin%2Bgift/1778961/story.html (Photo: Alexander Nemenov, AFP/Getty Images)
Do you think it's a good idea to have a global currency? Why or why not?