Currency War Well Underway

[ted]

citizen groups should demand comprehensive reform of the international financial system. This is the right time to make this demand. They should make it abundantly clear to all and sundry that the dollar can no longer serve as the world’s reserve currency. It has to be replaced. Shouldn’t we start working now -- even if it takes a few decades -- towards a common world currency which is not linked to any particular nation or region that can be used for international trade? Why shouldn’t we let our imagination run ahead of reality at a time like this?
Source: Dollar’s reign coming to an end? (http://www.tehrantimes.com/index_View.asp?code=172257) - Chandra Muzaffar - Tehran Times

[JY11]

Yes, in the not too distant future there certainly will be a common world currency not linked to a specific nation or region. I don't plan to be around to spend it!

[ted]

Another scenario...

The other option available to the world is monetary regionalisation. Like the European union concept there is a possibility of countries of other regions to join forces to create free-trade areas and currency zones, engaging in regional external economic policy. This phenomenon is already visible in Asia, Latin America and also in Gulf States.
...
In this context Europe is in a very advantageous position to leverage its emerging new role to push for a multilateral institutionalization of the global monetary order.

Source: A new Global Monetary Order (http://www.dailynews.lk/2008/06/26/fea03.asp) - T. RUSIRIPALA - Daily News