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18.9
Global currency and efficiencies of trade
 
  In spite of global trading between countries and between corporations, there remains no universal global currency.  
  The introduction of the euro has seen the return of a single common currency to Europe since the days of the Roman Empire and the denari.  
  Effectively there is no logical basis to argue the continuation of different global currencies minted by different governments, with different names.  
  However, strong cultural and political attachment remains for many governments and nations in terms of the currency and identity. The United Kingdom is a classic case in opting out of the euro. Canada is another, separating itself from the United States as well as countries in Sth America and Africa.  
  A single global currency however, would fundamentally alter and enable a revolution in the way trade is conducted around the world. A single currency would eliminate exchange rates, would eliminate the cost of cash conversion and adjustments.  
  A single global currency would assist in eliminating fraud when money is changed from one currency to another or is unable to be checked or traced.  
18.9.1 Global currency security systems  
  Not only would a global system of credits introduce massive efficiencies, it would also open up the door for the introduction of state of the art system to secure currency to be more portable and yet identifiable in the electronic world of trade and commerce.  
  A global currency credit of 1 would have its own unique ID, indicating its point of inception. At the same time a creation date.  
  A credit would be printed on a smart card device with a electronically charged value of 1, 5, 10, 20.  
  Alternatively a credit would be a corporate created device storing credits through their credit network (such as EFTPOS).  
  Cash in terms of coins and notes would no longer be required.  
     
     
 
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