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2019-07-24T08:56:28Z

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'''Terra''' ('''The Trade Reference Currency''', '''TRC''') is the name of a possible "world currency". The concept was proposed by [[Belgium|Belgian]] economist and expert on monetary systems [[Bernard Lietaer|Bernard A. Lietaer]] in 2001, based on a similar proposal from the 1930s.

The [[currency]] is meant to be based on a [[Basket (finance)|basket]] of the 9-12 most important [[Commodity|commodities]] (according to their importance in [[World Trade Organization|worldwide trade]]). Lietaer opines this would provide a [[currency]] that wouldn't suffer from [[inflation]]:

The basic principle emerged from early concepts presented in an article in the [[France|French]] [[newspaper]] "Le Fédériste" on 1 January 1933. The idea to establish a "L'Europa – monnaie de la paix", in English "Europe - Money of peace", was given birth. The idea was enthusiastically picked up by Lietaer during an educational journey.

==Source==
[http://wikipedia.org/ http://wikipedia.org/]

[[Category:Currency]]
[[Category:Alternative cryptocurrency]]
==See Also on BitcoinWiki==
* [[Officium]]
* [[Ojooo]]
* [[ImmVRse]]
* [[Litebolt]]
* [[PingPaid]]

Terra (currency) - Revision history

Admin: Created page with " '''Terra''' ('''The Trade Reference Currency''', '''TRC''') is the name of a possible "world currency". The concept was proposed by Belgian economist and ex..."