SUPRANATIONAL CURRENCY GES



The main thing for any monetary system is trust.
Confidence in a monetary system lies in the stability of the purchasing power of its currency.

The idea of a radical reform of the global monetary system on the material-value basis of the world economy is presented, namely: on the basis of the average weighted value of the grain standard IGC (International Grains Council) on the world market, it is proposed to create a supranational monetary unit GES (Grain Equivalent Standard) as an international payment and reserve means. Linking the monetary unit to real material goods will a priori inspire trust in it due to its guaranteed stability in purchasing power over the long term. - Guarantee of stability of the global financial system.



GLOBAL MONETARY SYSTEM

Currency unit GES

















(Full version in Russian)



OHNEVOY, V. (2024)
GLOBAL MONETARY SYSTEM IN THE CONTEXT OF REFORM
SUPRANATIONAL CURRENCY GES
Economy of Ukraine

REFERENCES


ECONOMIC THEORY