Terra (currency)
Terra (The Trade Reference Currency, TRC) is the name of a possible “world currency”. The concept was proposed by Belgian economist and expert on monetary systems in 2001, based on a similar proposal from the 1930s.
The currency is meant to be based on a of the 9-12 most important (according to their importance in ). Lietaer opines this would provide a currency that wouldn’t suffer from inflation:
The basic principle emerged from early concepts presented in an article in the “Le Fédériste” on 1 January 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.
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