Some U.N. representatives believe that a global currency would allow the “World Reserve” (or whatever becomes the global equivalent of the Federal Reserve) to regulate energy prices through global taxation and thus manage greenhouse gas emissions. The cost of implementing a world currency, however, would most likely be prohibitively high. Not all areas of the world are ready for a cashless system controlled entirely by bank cards, so creating a new currency would be an enormous undertaking, involving printing money and minting coins, distributing the money, and creating new anti-counterfeit measures.
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