41. World Currencies THIRD world currencies. July 1, 2002. country. currencies. $1 equals. Afghanistan, afghani, 4,750. Albania, lek, 140. Algeria, dinar, 80. Angola, real kwanza, 43. http://www.thirdworldtraveler.com/Travel/currencies.html

THIRD WORLD CURRENCIES July 1, 2002 country currencies $1 equals Afghanistan afghani Albania lek Algeria dinar Angola real kwanza Argentina peso Azerbajian manat Bangladesh taka Belize dollar Benin CFA franc Bhutan ngultrum Bolivia (o) boliviano Botswana pula Brazil real Burkina Faso CFA franc Burma (Myanmar) (o) kyat Burundi franc Cambodia riel Cameroon CFA franc Cape Verde Island escudo Central African Republic CFA franc Chad CFA franc Chile (o) peso China yuan Colombia (o) peso Comoros Islands franc Congo, Demo. Republic congolese franc Congo, Peoples Republic CFA franc Costa Rica colon Cuba peso Djibouti Djibouti franc Dominican Republic peso Ecuador peso Egypt pound El Salvador colon Equitorial Guinea CFA franc Ethiopia (o) birr European Union euro Fiji dollar French Guiana franc Gabon CFA franc Gambia dalasi Ghana cedi Guatemala quetzal Guinea Bissau CFA franc Guinea Republic franc Guyana dollar Haiti gourde Honduras lempira India rupee Indonesia rupiah Iran (o) rial Iraq (o) dinar Ivory Coast CFA franc Jordan dinar Kazakstan tenge Kenya shilling Korea, North won Korea, South won Laos kip Lebanon pound Lesotho maloti Liberia dollar Libya dinar Madagascar malagasy franc Malawi kwacha Malaysia ringgit Maldives ruflivaa Mali Rep CFA franc Mauritania ougulya Mauritius rupee Mexico peso Mongolia tugrik Morocco dirham Mozambique metical Namibia dollar Nepal rupee Nicaragua cordoba oro Niger CFA franc Nigeria (m) naira Oman sul rial Pakistan rupee Panama balboa Papua New Guinea kina Paraguay guarani Peru nuevo sol Philippines peso Reunion (Island) franc Rwanda franc Sao Tome and Principe dobra Senegal CFA franc Seychelles rupee Sierra Leone leone Somalia (d) shilling

42. Click Here! Take a bite from the world s most accurate financial indicator to be based on Display customised graphs of historical exchange rates for any of 164 currencies. http://www.economist.com/markets/currency/

Tuesday June 8th 2004 denotes premium content Log in Free registration Help ... Management Reading Business Education Executive Dialogue Articles by subject Backgrounders ... E-mail alerts Books, diaries and more Business education, recruitment, business and personal: click here The Economist Intelligence Unit Economist Conferences The World In 2004 ... Big Mac index Full converter Convert amount with the rate of date format dd/mm/yy mm/dd/yy yy/mm/dd from US Dollar . USD Albanian Lek . ALL Algerian Dinar . DZD Andorran Franc . ADF Andorran Peseta . ADP Angolan New Kwanza . AON Argentine Peso . ARS Aruban Florin . AWG Australian Dollar . AUD Austrian Schilling . ATS Bahamanian Dollar . BSD Bahraini Dinar . BHD Bangladeshi Taka . BDT Barbados Dollar . BBD Belgian Franc . BEF Belize Dollar . BZD Bermudian Dollar . BMD Bhutan Ngultrum . BTN Bolivian Boliviano . BOB Botswana Pula . BWP Brazilian Real . BRL British Pound . GBP Brunei Dollar . BND Burundi Franc . BIF CFA Franc BCEAO . XOF CFA Franc BEAC . XAF Cambodian Riel . KHR Canadian Dollar . CAD Cape Verde Escudo . CVE Cayman Islands Dollar . KYD

43. Economist.com | Markets & Data | Big Mac Index OPINION. world. BUSINESS. FINANCE. SCIENCE. PEOPLE. BOOKS ARTS. MARKETS. currencies Weekly Indicators, DIVERSIONS. Management Reading Business http://www.economist.com/markets/Bigmac/Index.cfm

Tuesday June 8th 2004 denotes premium content Log in Free registration Help ... Management Reading Business Education Executive Dialogue Articles by subject Backgrounders ... E-mail alerts Books, diaries and more Business education, recruitment, business and personal: click here The Economist Intelligence Unit Economist Conferences The World In 2004 ... Graph Big Mac index THE BIG MAC INDEX The Economist's Big Mac index seeks to make exchange-rate theory more digestible. It is arguably the world's most accurate financial indicator to be based on a fast-food item. (Here is a brief explanation and video clip As a side-order, this selection of articles includes our Coca-Cola map of the world, our Starbucks tall latte index, the reflections of our Washington columnist on the place of the hamburger in American life, and other articles about McDonald's and fast food. Currencies: Yen slips as Nikkei fails to repeat strong advance (FXstreet.com) Tue 09:22 GMT Dollar Loses in Thin Trading (FXstreet.com) Tue 09:21 GMT Forex : Sterling was capped below 1.8490 (FXstreet.com) Tue 09:21 GMT more...

44. International Business & Technology: World Level Trade Technology Travel Maps - Telephone Fax Newspapers, TV Radio - Banks, currencies Markets - Languages Translation - Laws world Affairs http://www.brint.com/International.htm

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45. Page Not Found (EnglishClub.com) List of world currencies showing basic currency unit, fractional unit and industry code. Major world currencies. Here are the names http://business.englishclub.com/money_currencies.htm

EnglishClub.com Looking for something at EnglishClub.com? You can also search all parts of EnglishClub.com here: Or check our site map

46. Bernard Lietaer: 'Community Currencies' in 1972 of the Bretton Woods system, the world has been living with pure fiat currencythat is, there is nothing material backing the currencies of the world. http://www.transaction.net/money/cc/cc01.html

Community Currencies A New Tool for the 21st Century Bernard A. Lietaer Beginning Aligning Moral and Economic Incentives Functions of Money ... 'A "Green" Convertible Currency' Transaction Net features Enabling Markets Online San FranZiskGo! Events Listings Web Conferencing Develop the Future of Money Doing Business Online Create Your Own Currency Paulina Borsook's Unofficial Home Page Spin Doctor's Web Design 101 Online Payment Methods About Transaction Net Economic Theory on the Net the Edge of Science Pick Up Tix "the Internet and the Future of Money" "Internet Currencies for Virtual Communities" "Beyond Greed and Scarcity" "Community Currencies: a New Tool for the 21st Century" "A 'Green' Convertible Currency" Feng Shui: It's All About Flow Community Currencies: A New Tool for the 21st Century The three most important concerns of our contemporaries in the developed nations are remarkably convergentunemployment, the environment, and community breakdownand there are strong indications that these same issues will remain on top of the agenda well into the next century. Emerging technologies promise to keep unemployment a major issue, even if all Western economies get out of recession. By 2010, China will introduce as much carbon dioxide in the atmosphere as the entire world does today. And community breakdown is one of the most systemic, deep, and complex societal trends of the past 30 years, with no signs of any reversal. Precisely because we will have to live with these issues for the foreseeable future, only a long-term structural approach can successfully resolve these problems. Here I show how community currencies could contribute to tackling all three problems and also permit us to "retrofit" economic motivation to desirable human behavior.

47. Ithaca HOURs Online: Home Page Pioneering local money program tbat inspired dozens around the US and the world. Website describes how it works, development and history of local currencies, media coverage over the years, how to start and maintain your own local currency, list of businesses accepting HOURS, and a local currency starter kit. http://www.ithacahours.com/

home intro businesses successes ... archives Ithaca HOURs Online Here's why we print our own money! Welcome to the on-line home of the founder of Ithaca HOURS. This web site contains a wealth of information about Ithaca HOURS' development and history, media coverage over the years, archives, (etc etc.) The Ithaca HOURS System is now managed by an elected Board of Directors. For information about current System activities and operations, how to obtain loans or grants, etc., visit the Ithaca HOURS web page at www.ithacahours.org HOUR Resources We have gathered together many resources here to make getting information on Ithaca HOURS as convenient as possible. Click the Businesses button to see list of participating local businesses. Go to Visiting Ithaca HOURs for vital information on how to start using Ithaca HOURs quickly. It's easy. It's a good way to get to know Ithaca. Since 1991, many other local currency programs have begun to flourish. Click on Other HOURs Cities to find one near you. Or click the Starter Kit button for information on how to begin a local currency program in your own community.

48. Comstock RF Disc: World Currencies - Www.comstock.com What s New? All Discs by Subject, , All Discs by Title, world currencies. 104 images; File sizes 600KB and 28MB. List price $249.00 US. Add Disc to Shopping Cart. http://www.comstock.com/web/search/RFDISCS/RFThumbnails.asp?disc=Worldcurrencies

49. Cosmin.com - Globex Suite 2.9 The Currency Exchanger in Globex supports all currencies (registered version). Exchange rates may be downloaded from the Internet. Also included with Globex is a world Clock, to show you the time in major cities from around the world. http://www.cosmin.com/globex/

Please enable JavaScript to see e-mail address! Home Products Downloads Contact Us ... Web Resources Last updated: What is new? Globex Suite 2.9 Download Now! Buy the Full Version Now! Used by customers in over 20 countries! Globex, is a powerful application featuring: World Clock , to find out the time in major world cities. Have you ever had to call someone (maybe a VIP) in a city from another timezone, half-way around the world, and did so an inapropriate time? End such embarrassing calls by checking the time in remote cities with Globex - World Clock Currency Exchanger , to convert amounts of money from one currency into another currency. Do you ever see something appealing on a web store, or when you are abroad and wonder how much it costs in your own currency, before buying it? Globex - Currency Exchanger allows you to perform currency conversions to figure out such answers. Measurement Converter , to convert between measurement units. Ever tried to purchase something online, from a foreign shop, that listed product specs in metric and you wondered what the specs were in English units, or vice versa. Or perhaps you had to complete an online form that asked for your weight in pounds, while you only know it in kilograms. Country Info Browser , to find out the country codes, phone code, and currency used, in any country.

50. LAM Online - Living Abroad Magazine - LAM Online | News | World Currencies LAM Online News world currencies. world currencies. I want to convert this amount enter any amount, of this type of currency http://www.lam-online.com/news/world_currencies/

News Australasia Africa Weather ... World Currencies World Currencies I want to convert... this amount enter any amount of this type of currency AUD Australia Dollars ZAR South Africa Rand NZD New Zealand Dollars GBP United Kingdom Pounds USD United States Dollars EUR Euro CAD Canada Dollars DEM Germany Deutsche Marks FRF France Francs JPY Japan Yen NLG Netherlands Guilders ITL Italy Lira CHF Switzerland Francs BEF Belgium Francs BRR Brazil Real CYP Cyprus Pounds DKK Denmark Kroner NLG Dutch Guilders EGP Egypt Pounds EUR Euro FRF France Francs GRD Greece Drachmas HKD Hong Kong Dollars INR India Rupees IEP Ireland Punt ILS Israel New Shekels MXP Mexico Pesos NLG Netherlands Guilders PLZ Poland Zloty PTE Portugal Escudo RUR Russia Rubles ESP Spain Pesetas SEK Sweden Krona CHF Switzerland Francs TRL Turkey Lira scroll down to see more currencies into this type of currency. AUD Australia Dollars ZAR South Africa Rand NZD New Zealand Dollars GBP United Kingdom Pounds USD United States Dollars EUR Euro CAD Canada Dollars DEM Germany Deutsche Marks FRF France Francs JPY Japan Yen NLG Netherlands Guilders ITL Italy Lira CHF Switzerland Francs BEF Belgium Francs BRR Brazil Real CYP Cyprus Pounds DKK Denmark Kroner NLG Dutch Guilders EGP Egypt Pounds EUR Euro FRF France Francs GRD Greece Drachmas HKD Hong Kong Dollars INR India Rupees IEP Ireland Punt ILS Israel New Shekels MXP Mexico Pesos NLG Netherlands Guilders PLZ Poland Zloty PTE Portugal Escudo RUR Russia Rubles ESP Spain Pesetas SEK Sweden Krona CHF Switzerland Francs TRL Turkey Lira scroll down to see more currencies

51. Third World Money And Debt In The Twentieth Century See also, Money in Fiction, Financial Scandals. Why is much of the Third world bedevilled by weak currencies and wracked by inflation? http://www.ex.ac.uk/~RDavies/arian/thirdworld.html

Third World Money and Debt in the Twentieth Century See also Money in Fiction Financial Scandals Why is much of the Third World bedevilled by weak currencies and wracked by inflation? Can orthodox Western economic remedies work in countries undergoing a Population Explosion? Monetarism and the Silent Explosion Is inflation merely a matter of printing too much money? "There is an additional factor, 'real' as opposed to 'financial', which helps to explain the sustained strength of worldwide inflationary forces and yet remains unmentioned in most modern works on money and inflation, viz the pressure of a rapidly expanding world population on finite resources - virtually a silent explosion as far as monetarist literature is concerned. Thus nowhere in Friedman's powerful, popular and influential book Free to Choose is there any mention of the population problem, nor the slightest hint that the inflation on which he is acknowledged to be the world's greatest expert might in any way be caused by the rapidly rising potential and real demands of the thousands of millions born into the world since he began his researches." The quotation above is from page 5 of the book by Glyn Davies discussing the entire time span of recorded monetary history: Davies, Glyn. A

52. Foreign Exchange - Access To The World's Currency Market - Smith Barney *NDF (nondeliverable forward) - no exchange of currencies. and its affiliates and is used and registered throughout the world. http://www.smithbarney.com/products_services/other_investments/foreign_exchange/

Products Other Investments Foreign Exchange List of Currencies Positions Portfolio Summary Account Summary Activity Summary ... Account Management tmenuArea=6;showFirstMenuItem=3;dropDown=5; Home Search Careers Help ... E-mail Currencies available through Smith Barney/Citibank Foreign Exchange Desks: Currencies ARS **Argentine Peso JPY Japanese Yen AUD Australian Dollar NZD New Zealand Dollar BRR **Brazilian Real NOK Norwegian Krone CAD Canadian Dollar MXN Mexican Peso CHF Swiss Franc MYR Malaysian Ringgit CLP **Chilean Peso PLN Polish Zloty CNR **Chinese Renminbi PNP **Philippine Peso COP **Colombian Peso RUR **Russian Ruble CZK Czech Koruna SAR Saudi Real DKK Danish Krone SEK Swedish Krona EUR Euro SGD Singapore Dollar GBP British Pound SKK *Slovakian Krona HKD Hong Kong Dollar THB Thai Baht HUF Hungarian Forints TRL Turkish Lira IDR Indonesian Rupiah TWD **Taiwan Dollar ILS *Israeli Shekel VEB **Venezuela Bolivar INR *Indian Rupee ZAR South African Rand *Means payments will be made directly by or/to Citibank. Clients cannot hold currency balance in these (*) currencies in their Smith Barney account. **NDF (non-deliverable forward) - no exchange of currencies.

53. Foreign Exchange - Access To The World's Currency Market the USD in their account, their is no risk since we are merely exchanging the 2 currencies. and its affiliates and is used and registered throughout the world. http://www.smithbarney.com/products_services/other_investments/foreign_exchange/

Products Other Investments Foreign Exchange The Basics Positions Portfolio Summary Account Summary Activity Summary ... Account Management tmenuArea=6;showFirstMenuItem=3;dropDown=1; Home Search Careers Help ... E-mail Foreign Exchange is the largest of the global financial markets. Daily trading volume in the currency markets is estimated to be 1.1 US trillion dollars. The volatility seen in the currency markets can create potential risk as well as opportunity for clients. Our FX sales specialists can provide advice on hedging currency exposure, transacting foreign exchange or exploring investment opportunities in currency-linked products. Spot Transactions and Conversions The purchase or sale of a currency against another for immediate delivery (generally two business days after the trade date.) For example, a U.S. manufacturer has to pay its overseas parts supplier in Japanese Yen. The client locks in a spot rate today and will wire the U.S. funds into its account for settlement in two business days. Conversions - Non-credit sensitive* FX transactions for immediate delivery (generally same day). The funds for conversion must be in your Smith Barney account before the transaction is done. For example, the client is closing on a property in the UK. He or she needs to pay in British pounds. We can convert the required US dollars from the client's Smith Barney account to British pounds and wire the currency as per the client's instructions.

54. MSN Money - Currency Exchange Rates: Investing Currency Rates gives the latest exchange rates for all the world s leading currencies, including the British Pound, euro, French Franc, German Mark, Italian http://moneycentral.msn.com/investor/market/rates.asp

MSN Home My MSN Hotmail Shopping ... Money W eb Search: logoImg(document.location.protocol + "//sc.msn.com"); Money Home Investing Banking ... CNBC TV Market News Market Report News Market Statistics Lists and Trends In/Out of Favor Calendars Up/Downgrades ... Exchange Rates New Stocks IPO Center Related Links Market Dispatches Message Boards Currency Exchange Rates Quotes delayed at least 20 minutes. Major Currencies All Currencies Americas Europe Asia Africa and the Middle East Name In US$ Per US$ Argentine Peso Australian Dollar Brazilian Real British Pound ... Swiss Franc Page generated 6/8/2004 6:03 AM eastern time Market Activity Most Active Winners/Losers Industries Insider Trading Market Indexes Leading Indexes Sector Indexes International Exchange Rates Other Research Up/Downgrades IPO Center Pre-Built Stock Screens Stock Scouter Top Rated Quotes supplied by ComStock, Inc. and are delayed at least 20 minutes. NYSE, AMEX, and NASDAQ index data are provided real time. advertisement Try MSN Internet Software for FREE! MSN Home My MSN Hotmail ... Anti-Spam Policy

55. ReferenceResources:TheWorld currencies of the world. Images images. Currency Exchange Rates Find out what the American Dollar is worth in countries around the world. http://www.kidinfo.com/Geography/The_World.html

Reference Resources: The World The World Geography Glossary Geography Glossary Short definitions of key terms in geography. Links provide additional sources of related information Countries of the World Country at A Glance This United Nations site provides a short statistical overview (area, population, largest city, and nine other items) of member nations and an image of the flag. Countries of the World from InfoPlease Country Profiles A large amount of informative material on individual countries; flags, history, natiional anthems, reference maps Country Studies Area Handbook Series from the Library of Congress Handbooks about 92 countries of the world, prepared by the Library of Congress. Very thorough information including history, geography, and culture. Includes maps, timelines, and photographs. Country Watch Provides cultural, economic, political, and environmental informati

56. Currencies Of The World Ronnie J. Phillips presents currencies of the world Updated August 16, 2000. Collections. The American world currencies. A Special http://lamar.colostate.edu/~rphillip/currency.html

Ronnie J. Phillips presents: Currencies of the World Updated August 16, 2000 Collections The American Currency Exhibit National Numismatic Collection from the Smithsonian U.S. and German Currencies Ron Wise's World Paper Money Collection Colonial Governments United Colonies Two Dollar Note (Continental) Notre Dame Collection of Colonial Currencies (Extensive) Clearinghouses and Domestic Exchange (Drafts) San Francisco Clearinghouse $1/1907 San Francisco Clearinghouse $2/1907 Los Angeles Clearinghouse $5/1907 Promissory Note, Bank of North America ... Domestic Exchange drawn on New York U.S. Treasury Silver Certificates from ANA Demand Notes from ANA Treasury Notes from ANA Compound Interest Notes from ANA ... U.S. Treasury Note (Greenback) U.S. Treasury Note of 1861 (Greenback) U.S. Treasury Note, 1928 $2 U.S. National Charter Banks National Banknotes from ANA National Gold Banknotes from ANA City National Bank, Wichita Falls, Texas,$20 Colorado National Bank of Denver, $1 ... National Gold Bank of San Francisco, $5 U.S. Federal Reserve System 1996 Series $100 Federal Reserve Note Federal Reserve Notes from ANA More Federal Reserve Notes from ANA U.S. State Chartered Banks

57. World Currencies - WorldMouse.com Top Explore the United Nations! world currencies. Convert world currencies. China Currency China Currency Chinese 50 Yuan Bank Note. $ 9.99. http://worldmouse.safeshopper.com/128/cat128.htm

Top Explore the United Nations! World Currencies Money from Around the World All currency is authentic and uncirculated. Use for educational purposes or for just plain fun. Great for school reports, for display, or for keeping in your wallet as a novelty. Convert World Currencies China Currency Chinese 50 Yuan Bank Note. Egypt Currency New Product! Egypt 1 Pound Bank Note. Ghana Currency Ghana 2 Cedi Bank Note. Hong Kong Currency Hong Kong 20 Dollar Bank Note. India Currency India 1 Rupee Bank Note. Ireland Currency New Product! Ireland 1 Pound Bank Note. Kenya Currency Kenya 10 Shilling Bank Note. Mexico Currency Mexican 1 Peso Bank Note. Poland Currency Poland 1000 Zlotych Bank Note with portrait of famed astrologer Mikolaj Kopernik (Nicolaus Copernicus). Poland Currency Poland 5000 Zlotych Bank Note with portrait of famed composer Fryderyk Chopin. Russia Currency Russian 10000 Ruble Bank Note. USSR Currency USSR 500 Ruble Bank Note with Lenin profile. South Africa Currency South African 10 Rand Bank Note. USA Currency United States 2 Dollar Bank Note. Disney Currency New Product!

58. The World Depression Deeper changes were going on in the world. During the 1920s, while sometimes readjusting the rate at which their currencies were exchanged for gold, most http://mars.acnet.wnec.edu/~grempel/courses/wc2/lectures/depression.html

The Great Depression It was appropriate that the terrible economic slump of the 1930s started in the United States, to which Europe seemed to have surrendered economic leadership during the Great War and on which she had been dependent ever since. Stock Market Crash The stock market crash that began on a black Friday in October 1929 and deepened in the ensuing months had immediate repercussion in Europe. Indeed, even before this, the superheated boom in stock prices that marked the bull market of 1928 siphoned money from Europe. The pricking of the bubble sent shock waves throughout the world. Large exports of American capital had helped sustain Europe, besides providing an outlet for American surpluses of capital, during the 1920s. Investment in European bonds now contracted sharply and swiftly, as banks that were "caught short" with too many of their assets invested in securities desperately tried to raise money. By June 1930, the price of securities on Wall Street was about 20 percent, on average, of what it had been prior to the crash; between 1929 and 1932 the Dow-Jones average of industrial stock prices fell from a high of 381 to a low of 41! The American market for European imports also dropped sharply as the entire American economy went into shock; and, to compound trouble, congress insisted on passing a high tariff law in 1930, against the advice of almost all economists. Effective operation of the international economy required that the United States import goods to allow foreign governments to pay for American loans. Moreover, the raising of tariffs set off a chain reaction as every government tried to protect itself against an adverse trade balance leading to currency deterioration. The result was a drying up of world trade that further fueled the economic downturn. The Americans, additionally, continued to insist upon repayment of war debts, until finally in 1931 a general moratorium was declared. Well might Europeans complain of American blindness, but these events only exposed Europe's vulnerability.

59. Currency Conversion - All World Currencies - Best Of San Francisco scroll down to see more currencies, USD United States http://www.bestofsanfrancisco.net/currencyconversion.htm

TOURS HOTELS RESTAURANTS ENTERTAINMENT ... CULTURE International Money Conversion xe.com Convert this amount of this type of currency into this type of currency. enter any amount CAD Canada Dollars USD United States Dollars EUR Euro GBP United Kingdom Pounds DEM Germany Deutsche Marks FRF France Francs JPY Japan Yen NLG Netherlands Guilders ITL Italy Lire CHF Switzerland Francs DZD Algeria Dinars ARS Argentina Pesos AUD Australia Dollars ATS Austria Schillings BSD Bahamas Dollars BBD Barbados Dollars BEF Belgium Francs BMD Bermuda Dollars BRL Brazil Real BGL Bulgaria Leva CAD Canada Dollars CLP Chile Pesos CNY China Yuan Renminbi CYP Cyprus Pounds CZK Czech Republic Koruny DKK Denmark Kroner NLG Dutch (Netherlands) Guilders XCD Eastern Caribbean Dollars EGP Egypt Pounds EUR Euro FJD Fiji Dollars FIM Finland Markkaa FRF France Francs DEM Germany Deutsche Marks XAU Gold Ounces GRD Greece Drachmae HKD Hong Kong Dollars NLG Holland (Netherlands) Guilders HUF Hungary Forint ISK Iceland Kronur INR India Rupees IDR Indonesia Rupiahs IEP Ireland Pounds ILS Israel New Shekels ITL Italy Lire JMD Jamaica Dollars JPY Japan Yen JOD Jordan Dinars KRW Korea (South) Won LBP Lebanon Pounds LUF Luxembourg Francs MYR Malaysia Ringgits MXN Mexico Pesos NLG Netherlands Guilders NZD New Zealand Dollars NOK Norway Kroner PKR Pakistan Rupees XPD Palladium Ounces PHP Philippines Pesos XPT Platinum Ounces PLN Poland Zlotych PTE Portugal Escudos ROL Romania Lei RUR Russia Rubles SAR Saudi Arabia Riyals XAG Silver Ounces SGD Singapore Dollars SKK Slovakia Koruny ZAR South Africa Rand

60. GSReport:Three Currencies initiative was spurred in part by growing economic chaos in Brazil, where the real was recently allowed to float against other world currencies and plunged 30 http://www.gsreport.com/articles/art000060.html

SECTIONS Home Society SciTech Planet ... Cosmos SPECIAL Contents About Three-Currency World Now Seems Plausible With the successful introduction of the euro currency, some economists and politicians are looking to the day when a dollar zone in the Americas and a yen zone in the Far East result in a three-currency world. By Michael Lindemann Start Date: 1/25/99 It could not have been imagined a few years ago. But then, the nations of Europe decided to pool their economic fortunes behind the unified currency called the euro, officially adopted in eleven nations on January 1, 1999. And then, scant weeks later, the South American nation of Argentina proposed to abandon its own currency, the peso, and adopt the U.S. dollar, an idea that drew wide praise as both politically bold and economically wise. If Argentina follows through, its lead might well be followed by other nations of Latin America, perhaps resulting in a "dollar zone" to rival the "euro zone." Sensing the inevitable, some analysts say the next development would be a "yen zone" in the Far East. Within a decade or two, if these analysts are correct, the majority of nations on earth might peg their economies to one of just three big currencies. Argentina's initiative was spurred in part by growing economic chaos in Brazil, where the real was recently allowed to float against other world currencies and plunged 30 percent in value in the two weeks ending January 22. Brazil had attempted to shore up the real's value by selling off some $40 billion in hard currency reserves over the last six months, but to little avail.

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