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Terra (Stub)

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 Bernard A. Lietaer in 2001, based on a similar proposal from the 1930s.

The currency is meant to be based on a basket of the 9-12 most important commodities (according to their importance in world wide trade). Lietaer argues this would provide a currency that wouldn’t suffer from inflation.

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