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This would only dismantle the currency traders around the world.
I think its good for pegging all currencies against this one currency, but you cannot have one world currency without a completel overhaul of freemarket society..
YOu nned to be ale to value a country monetarily, and that is why you have market flucuation and currency conversion and trade.
This would take 30 years to implement, with so many bumpos and bruises along the way.. I say just use it as a peg, a control currency where all others are variables...
Just think EURO implementation times 300.. Chaos for the third world countries..
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