Terra Currency

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Terra is the name of a possible "world currency". The concept is currently proposed by Belgian economist Bernard A. Lietaer and is based on the historic proposal of L'Europa.

The currency is meant to be based on a basket of the twelve most important commodities (according to their importance in world wide trade). Lietaers opines this would provide a currency that wouldn't suffer from inflation. Moreover this alternative currency would simplify barter.

The basic principle emerged from early concepts presented in an article in the French newspaper "Le Fédériste" on January 1st 1933. The idea to establish a "L'Europa – monnaie de la paix", in English "Europe - Money of peace", was given birth. The idea was enthusiastically picked up by Lietaer during an educational journey.

Contents 1 Proposed basket 2 References 3 Lists 4 Literature 5 See also 6 External links

[edit] Proposed basket

The basket of commodities should consist of the following:

• 30% gold

• 2 kg grain

• 200 g meat

• 1 l wine

• 3 kg steel

• 200 g cotton wool

• 200 g copper

• 1 kilometerton

• 10 kWh

• half an hour of labour

[edit] References

Lietaer, Bernard. The Future of Money. London, Century: 2001.

[edit] Lists

[edit] Literature

• Bernard Lietaer: Das Geld der Zukunft, München, 2002, ISBN 3-570-50035-7

[edit] See also

• ISO 4217 Currency codes
• History of money
• World currency

[edit] External links

• The Terra TRC (Trade Reference Currency)
• Access Foundation Alliance of Complementary Currencies Enabling Sustainable Societies
• L’Europa/die Europa – das Geld des Friedens
• Studienreise Hr. Lietaer im Heimatmuseum Wörgl
• Interview of Bernard Lietaer on monetary policy and complimentary currencies