Terra (the Trade Reference Currency, TRC) is the name of a proposed "world currency". The concept was revived by Belgian economist and expert on monetary systems Bernard Lietaer in 2001, based on a similar proposal from the 1930s.

The currency is meant to be based on a basket of the nine to twelve most important commodities (according to their importance in worldwide trade). 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 French newspaper Le Fédériste on 1 January 1933. The idea to establish a (), was given birth. The idea was enthusiastically picked up by Lietaer during an educational journey.

See also

ISO 4217 currency codes History of money World currency Commodity currency International dollar Stelo, a 1946 alternate currency intended to be stable by linking to the price of bread in the Netherlands.

References

Bibliography

External links The Terra TRC white paper L'Europa/die Europa – das Geld des Friedens Studienreise Hr. Lietaer im Heimatmuseum Wörgl

Further reading