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Gold coin symbolising future world currency presented to G8 leaders
Source: BI-ME , Author: BI-ME staff
Posted: Mon July 13, 2009 11:54 am
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INTERNATIONAL. World leaders attending the G8 summit in Italy have been presented with a gift from the past and one for the future.

Handmade books portraying works by Neoclassical sculptor Antonio Canova, as well as gold coins representing an imaginary future world currency were given to the participants at the opening of the three-day summit.

The sample of the first "test" currency from the international project for a new virtual global currency, given the draft name, "United Future World Currency – Eurodollar," is made by Belgian Luc Luycx, who designed one side of the Euro coins.

The final name and symbol for the new currency will be decided in a competition for children in 1000 schools throughout the world, organised by the Museo del Tempo.

In 1996, Sandro Sassoli conceived the idea of the United Future World currency (UFWC) project, having taken advice from Arthur Schlessinger Jr, former adviser to President John F. Kennedy.

The Royal Mint of Belgium, one of the world’s most prestigious mints, has been the first to issue a test coin for this new currency, a special rare gold edition that was gifted at the G8 Summit.

The coins have a value of €2,800 (US$3,900) and were produced by the United Future World Currency, the group pushing the idea of a global currency.

The currency will also undergo an important public test run at the 2015 Milan Universal Expo.

For more information please visit www.futureworldcurrency

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

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UAE. Location and quality are driving apartment prices; while average prices decreased, select communities, including Palm Jumeirah and Downtown Burj Dubai, experienced slight increases according to Landmark Advisory's latest quarterly report.