The United Arab Emirates has withdrawn from Gulf Arab plans for a single currency, becoming the second country to withdraw from the plan for
The country's monetary policy will remain unchanged, with the UAE dirham pegged to the US dollar, the state news agency WAM reported on Wednesday.
Oman ruled out joining a single Gulf currency in 2006 and the UAE's move threatens to end the project for monetary union entirely.
But a senior source in the Gulf said that the four remaining states are still committed to monetary union.
The decison by the UAE is a setback for the NWO granted, although I was not even aware that there were plans for an Arab Monetary Union. With that in
mind I decided to dig further and see if there are other Monetary Unioins being planned and relate the information to you.
1) Obviously we already have in operation the EUROZONE, comprised of:
CENTRAL BANK: European Central Bank(Frankfurt) CURRENCY: Euro
2) I've already mentioned the Middle Eastern Union above, which is planned for 2010 but is seriously behind. I'd expect it sometime in
2012/13. The following nations are commited to a single gulf currency:
CENTRAL BANK: Gulf Central Bank(Riyadh) CURRENCY: unknown
3) The North American Free Trade Agreement (NAFTA) was launched in january 1994 and was signed by the the United States, Canada, and Mexico. In
March 2005 the Security and Prosperity Partnership of North America (SPP) was launched, as a trilateral effort to increase security and enhance
prosperity among the NAFTA nations through greater cooperation and information sharing. Both of these organisations refute any accusations that there
is in place a plan for a single currency for North America, citing differences in economic management, national debt and policy to name just a few.
However the theory of the North American currency union was first proposed in 1999 by Canadian economist Herbert G. Grubel. A senior fellow of the
conservative Fraser Institute think-tank, he published a book titled The Case for the Amero in September 1999.
Although theoretical at this point, there are reports originating from MSM that the North American Currency Union and the North American
currency may step from the world of the conspiracy theorist, to the world of conspiracy fact.(see video below)
CENTRAL BANK: Union of North America Central Bank(Washington?) CURRENCY: Amero
4) In December 2006, Australias Parliament’s Committee on Legal and Constitutional Affairs, suggested 27 ideas for a closer realtionship
between NZ and Australia. One of them being a Australasian Common Currency:
“In this era of globalisation, it makes sense for Australia and New Zealand to look at moving closer together,” said Peter Slipper, the committee
Although rejected by New Zealand’s finance minister Dr. Michael Cullen, one can only wonder, in the uncertainty of the global recession how long
before this idea is back on the table?
Amongst some Pacific Island Nations there have been calls to adopt the use of the Australian dollar.
5) In June 2008 representatives from The System of Central American Integration (SICA), an organization created by the States of the Republics
of El Salvador, Honduras, Nicaragua, Guatemala, Costa Rica and Panama, together with officials from the Dominican Republic and Belize met and decided
on a 41 point blueprint to help the region weather the current global financial storm. Among the measures agreed upon was the introduction of a common
The African Union Commissioner for Economic Affairs Dr. Maxwell Mkwezalamba has expressed optimism for the adoption of a common currency for
Africa. Dr. Mkwezalamba was speaking during a meeting with the Minister for Foreign Affairs Hon. Moses Wetang’ula.
The AU commissioner was in the country for the Congress of African Economists conference which was held in Nairobi between 2nd and 5th March
What more needs to be said? Although the issues in Africa are many, the heads of this great continent feel the need to impliment a Common Curency
policy. I feel however that political instability in this region would be a huge stumbling block to the formation of an African Central Bank
without the guarantees and oversight of either the Eurozone or North American Union.
CENTRAL BANK: African Central Bank? CURRENCY: unknown
Japan should take political initiatives to achieve an Asian monetary unification in the 2030s that supplements, if not replaces, the current
fragile international economic and financial system, a semigovernmental think tank said in a report released Monday.
The U.S. alone can no longer resolve the current global economic crisis. Creation of an open, multilayered international economic and financial system
is vital to ensure stable, sustainable development of the world economy, the report by the Institute for International Policy Studies says.
In every continent, the NWO is attempting to impliment Common Currencies, using the global meltdown as an excuse. Once these are in place the next
step is to combine these Unions, what's left? A GC*
A footnote to the thread, another possible Monetary Union that may be on the horizon is that of the Russian Union State. This is a
collaberation of the Russian Federation and Belarus, with the intention of providing greater political, economic, and social integration.
A common currency was planned as early as 2004 but has been pushed back year on year since then. Although in 2009 there has been renewed vigour in the
political will to impliment the Union, signalled by a two billion ruble increase in its budget from five billion in 2008. This is huge considering the
current economic times we are in.
In short, I would not be suprised to see a renewed attempt at bringing in a comon currency between Belarus and the Russian Federation.
A UN panel of expert economists pressed Thursday for a new global currency reserve scheme to replace the volatile, dollar-based system and for
coordinated steps by rich countries to stimulate their economies.
"A new Global Reserve System -- what may be viewed as a greatly expanded SDR (Special Drawing Rights), with regular or cyclically adjusted emissions
calibrated to the size of reserve accumulations, could contribute to global stability, economic strength and global equity," the panel said.
As part of several recommendations to tackle the global financial crisis, the panel also noted recovery would require all developed countries, in the
short term, to take "strong, coordinated and effective actions to stimulate their economies."
And it stressed the need to "lay the basis for the long-run reforms that will be necessary if we are to have a more stable and more prosperous global
economy and avoid future global crises."
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