One problem for central banks is that they have existed in a multi-currency world, and have been required to take actions to enable their currency to survive in such a world. In a world with a Single Global Currency, managed by a Global Central Bank within a Global Monetary Union, the role of the Global Central Bank will be more predictable and will be focused on keeping inflation low. "Open Money" would not be as stable.
The Single Global Currency Association promotes the implementation of a Single Global Currency, with a Global Central bank, by the year 2024. With the successful use of the euro and other monetary unions, more and more people and organizations and nations are seeing ...

One problem for central banks is that they have existed in a multi-currency world, and have been required to take actions to enable their currency to survive in such a world. In a world with a Single Global Currency, managed by a Global Central Bank within a Global Monetary Union, the role of the Global Central Bank will be more predictable and will be focused on keeping inflation low. "Open Money" would not be as stable.
The Single Global Currency Association promotes the implementation of a Single Global Currency, with a Global Central bank, by the year 2024. With the successful use of the euro and other monetary unions, more and more people and organizations and nations are seeing the advantages of monetary unions. Our website is at www.singleglobalcurrency.org.
The Association recently published the 2008 Edition of my book, The Single Global Currency - Common Cents for the World.
The benefits of a Single Global Currency include:
- Zero transaction costs to exchange currencies. Presently, $3.2 trillion is traded every trading day and costs approximately $400 billion annually.
- The end of currency fluctuations and currency speculation.
- The end of "Balance of Payments", "Current Account" and "global imbalances" problems for currency areas.
- The end of the need to maintain international reserves of other currencies.
- Zero manipulation by countries of their currencies.
- Zero risk of national and regional currency crises.
- Minimal inflation,
- Worldwide asset values will increase by about $36 trillion due to the elimination of currency risk.
- With zero risk of currency failure and zero manipulation and minimal inflation, the Single Global Currency would satisfy the moral obligation that a stable currency should be considered as a fundamental human right, as is the right to own property.
How to get there from here? Create and expand regional monetary unions and merge one or more of them into a Global Monetary Union.