This document discusses the potential transition from multiple national currencies to a single global currency. It begins by providing context on globalization and the roles of the IMF and World Bank in promoting international cooperation and economic stability. It then outlines proposals for the IMF to use Special Drawing Rights to replace the US dollar as the main global reserve currency. The document also discusses how a single global currency could be implemented and governed by a global central bank. It notes potential benefits like reduced transaction costs but also drawbacks such as limiting individual countries' control over monetary policy. It concludes by suggesting proper regulation and implementation would be needed for a single global currency to help with globalization.

1. From IMF, World Bank To Single Global Currency Faculty: Presentation by: Prof. Sudev Das RinkiMusaddi ` SaloniMohta ShraddhaNahata VinayAsopa

2. CONTENT Introduction Role of IMF & WORLD BANK SINGLE GLOBAL CURRENCY Current Situations Implementation IMF with SGC World Bank & SGC Benefits Drawbacks SWOT Analysis Conclusion

3. INTRODUCTION What is GLOBALIZATION? Not a new phenomena Post World War globalisation was dormant!

4. Role of IMF and World Bank World Bank IMF International interdependence International solidarity International interdependence & solidarity should not replace national self-responsibility We should regard the diversity of experiences & cultures as a part of the wealth of our planet. To have a financially stable global market Crisis prevention through more transparency in economic data and policies. To make debt free economies through good judicial, financial and economical systems To make life of underdeveloped and developing nations more secure To eradicate poverty

5. Single Global Currency SGC in 17th century Spanish dollar EURO the 1st SGC in 20th century Single Global Currency Association Morrison Bonpasse

7. CURRENT EXCHANGE RATE SYSTEM

8. COMPLEMENTARY CURRENCIES

10. HOW SMOOTH, INEXPENSIVE AND PLANFUL OR ROUGH, COSTLY AND CHAOTIC WILL THE JOURNEY BE??

13. define and implement the monetary policy

14. co-operate with the member countries , 3rd bodies & entities

16. No Balance of Payments/Current Account problems

17. Eliminate risk of currency failure

20. Utilize the seigniorage benefit

21. Eliminate the need to maintain international reserves

23. Finding a good governance system for the world to regulate SGC, could prove more difficult.

24. FOREX market would disappear.

26. CONCLUSION SGC will help in globalization Proper regulation of global monetary bank Proper implementation of single global currency. Adequate control over monetary policy of individual country should be given. Single Global Currency could be named as “Eartha” , “Globo” or “Mundo” Favor : 33% Oppose: 63% Not sure : 4%

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