The new order of our ever-changing, global economy, calls for the issuance of a new global currency issued jointly, and equally supported by the top world nations.

Currently, the top players possibly to be considered could be the United States, England, Russia, China and India. Then again, the next layer of players that might have some limited participation might be Japan, Germany, and France whose veto could balance out the playing field.

In essence, the first five nations mentioned would share in the issuance of this new currency, which is separate from the Euro or the US dollar. Basically it would be the uniformed currency that all countries would peg their currency to, in terms of valuation.

Gone would be the US Dollar’s position as the main currency which all world markets look to, instead, it would be replaced by this new and uniform currency shared equally by these five nations, thereby, giving it a better balance in times of instabilities of sorts in the world’s economies.

With this change there might be some possible pros and cons:

1. The world economies can have a better balance in terms of equitable world trading. In essence, this could possibly afford a fairer playing field and minimize the dissensions that currently exist amongst these nations, and their corresponding partners.

2.The instabilities in the global economies that might and do crop up could be minimized jointly, when such a currency is equally supported and shared by these nations for the benefit of the all countries, that are part of our planet earth.

3. Accountability for any distortions in the world economies could be streamlined, so that the central bank and the treasury in each of these countries can work in unison, thereby making the new currency a much more effective system than the current one in existence.

4. Obviously, there are areas to fix and adjust in order to perfect this new system, as these individual countries have their different regulations and protocol, but it is doable, and the long term changes will pave the way for a much more structured, and balance world of economic responsibilities, and wealth apportionment.

I have just named a few possibilities which do not encompass the whole list, but studied carefully, and discussed in detail amongst the nations and their counterparts, could make this new currency structure a reality and perhaps a much more stable substitute, and one that is here to stay as our world evolves.

Timeline Projection:

Six to twelve years from now, if the current fix of the global economies cannot sustain itself, and ward off another global recession of the current magnitude that we have witnessed, and are still dealing with.