Friday, March 27, 2009

Kazakh President calls for the creation of a single global currency, the "Acmetal"

Kazakhstan's president called Wednesday for the creation of a single global currency as a potential solution for the current financial turmoil.

Discussions on a currency operating under the aegis of the United Nations should be discussed at the upcoming Group of 20 meeting in London, Nursultan Nazarbayev said - without detailing how this proposal might resolve the crisis.

"The creation of a global currency should be put on the agenda of all major political and economic bodies, summits and forums, including the G8 and the G20," Nazarbayev said at an international economic forum in the Kazakh capital, Astana.

The world's 20 leading industrialized and emerging nations are set to meet on April 2 in London [Story continued here]


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