Economics and Finance

International Money

Authors: Dimiter Dobrev
Comments: 20 Pages.

Very soon, after only a few years, a new currency will appear that will overshadow the US dollar and the Euro. Let us try and guess what it will look like. The new currency will be called IM (short for International Money). Initially, the creators of this money will be the BRICS members, but later they will be joined by others. The rate will start from 1 IM for 10 Euro. Then this rate will change, but in the end, when the Euro and IM merge, the rate will again be the same. The IM will have banknotes, cents and centi-cents. The smallest banknote will be 1 IM. The cents will be smaller and lighter than the Euro cents, and will have the terrestrial globe on the back instead of a coat of arms. Centi-cents will be dematerialized — they will exist only in electronic form.
Category: Economics and Finance