“GET READY FOR A WORLD CURRENCY”
The Economist; 01/09/1988, Vol. 306, pp 9-10
Title of article: Get Ready for the Phoenix
Source: Economist; 01/09/1988, Vol. 306, pp 9-10〉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.
At the beginning of 1988 this appears an outlandish prediction. Proposals for eventual monetary union proliferated five and ten years ago, but they hardly envisaged the setbacks of 1987〈
One world, one money
Setbacks of 1987
Flashback 1988: “Get Ready For A World Currency by 2018″ – The Economist Magazine!