[Paradica]

International Trade Currency

A resolution to reduce barriers to free trade and commerce.

Category: Free Trade

Strength: Mild

Proposed by: Remba

Description: AWARE of the multitude of currencies existing in the world;

CONCERNED with the difficulty in negotiating multi-national trades requiring numerous currencies being exchanged;

FIRMLY BELIEVING that easing of trade difficulties will help all peoples of the world and all nations of the world;

RESPECTING the national sovereignty of member nations and their attachment to their own, native currencies;

ESTABLISHES the World Bank which will standardize international exchange rates though a common free market exchange;

CREATES the International Credit as the standard for all international trade;

CHARGES the World Bank with the responsibility of creating a free market for the exchange of local national currency to the International Credit;

IN LIEU OF direct UN funding:

-PERMITS the World Bank to assess minimal fees on exchanges, but limits those fees to the minimum needed to maintain the World Bank;

-ELIMINATES these fees should alternative funding be passed by the UN;

REQUIRES all member nations to accept and honor the rates posted by the World Bank;

STRONGLY URGES member nations to use the International Credit and the World Bank for all international trade;

URGES corporations to use the International Credit and the World Bank for all international trade;

ALLOWS private citizens to make use of the International Credit and the World Bank;

RECOMMENDS but does not require member nations to switch to the International Credit for all intra-national exchange as well.