"GET READY FOR A WORLD CURRENCY"

'Get Ready for the Phoenix' appeared in Economist Newspaper in 1998

THIRTY years from now, Americans, Japanese, Europeans, and people in many other rich countries, and some relatively poor ones will probably be paying for their shopping with the same currency.

Prices will be quoted not in dollars, yen or D-marks but in, let's say, the phoenix. The phoenix will be favoured by companies and shoppers because it will be more convenient than today's national currencies, which by then will seem a quaint cause of much disruption to economic life in the last twentieth century.

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The Economist: Get Ready for the Phoenix


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