Proposed to Goal
Proposed Schedule to the goal of 2025
This schedule is proposed to add realism to the idea that the goal of a single global currency is achievable by the year 2025. When proposed by Prof. Richard Cooper in 1984, he projected a 25 year schedule, which would have brought us to 2009.
| 2004 | One or more conferences
around the world on the Single Global Currency.
In May, 2004, 10 additional countries will be joining the 15 members of the EU, for a total of 25. Among the terms of accession is the requirement that these 10 adopt the euro, after meeting certain fiscal conditions. |
| 2005 | January 1: the name of the new currency
is picked at the stroke of midnight, December 31, 2004. Targets met as scheduled at the 2004 conference and at subsequent annual conferences. Number of currencies in the world continues to drop as monetary unions grow. The countries of the Gulf Cooperation Council plan to complete their monetary union. |
| 2009 | Richard Cooper’s predicted implementation date for single currency (a 25 year prediction from 1984 article.) |
| 2010 | The GCC countries plan to launch their new currency. |
| 2018 | The Economist’s predicted year of implementation of single global currency, at least among most industrialized nations. In 1988, the Economist predicted the use of a single global currency within 30 years. |
| 2023 | January 1: The new currency is ready for use in electronic transactions. |
| 2025 | January 1: All transactions around the
world may be conducted with the new global currency May 1: After this date all old currencies no longer valid for commercial transactions but they may be converted into the new global currency at specified bank locations within each participating country. Currency risk ends and asset values continue to rise. |