Is it really feasible to have a global currency? Or will it spell doom for the economies of the world? The topic of a transition to a new global currency is a tricky one. What will that currency be? How will it be regulated and by which countries? Amidst the pandemic, will currency go digital? The International Monetary Fund (IMF) aims to tackle these questions. The committee also will consider the role of the pandemic, the rise (and the possible fall of?) digital currency, rules for regulation and distribution, and much more. As tensions rise and economies plummet, international cooperation is needed to tackle the issue. Devising a plan to determine the jurisdiction, value, and effectiveness of a potential new currency will be of utmost importance to the IMF as they seek to find a solution to stabilize the economy.
Agenda – Discussing the possible transition to a new global currency
