Acmetal

2015-01-01T06:29:11Z

Forbes72: improve categories

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{{Orphan|date=April 2009}}
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'''Acmetal''', alternately '''Akmetal''' or "'''AC metal'''", meaning "peak capital" or "best capital" is a universal currency that was proposed by [[Kazakhstan]]'s President [[Nursultan Nazarbayev]].

==Etymology==
Akmetal is a portmanteau of the Greek word “acme” – the highest point or zenith – and “capital.”

==Reaction==
A one-global currency prompts the creation of a one-global central bank to manage the currency, thereby superseding the authority of national central banks like the [[Federal Reserve]] in the United States and the [[European Central Bank]].

The A.P. said: Nazarbayev’s proposal has raised eyebrows in some quarters, but the idea was embraced by [[Robert Mundell]], who won the Nobel prize for economics in 1999 for helping lay the theoretical groundwork for [[Euro|Europe’s single currency]].<ref>{{cite web|url=http://www.forbes.com/feeds/ap/2009/03/11/ap6152509.html|title=Kazakh leader calls for single global currency|last=Leonard|first=Peter|publisher=Forbes|date=November 3, 2009}}</ref> “It would be a very good idea if the G-20 took that idea up in London,” Mundell said.

The [[International Monetary Fund]] said that the currency idea was "interesting, but poorly explored."<ref>http://www.slate.com/id/2300317/entry/2300322/</ref>

== References ==
{{Reflist}}

== External links ==
*[http://www.reuters.com/article/marketsNews/idUSN2650403720090326 Reuters reported : "New reserve currency could come quickly"]
*[http://acmetalworld.blogspot.com Acmetal]

[[Category:Proposed currencies]]
[[Category:Government of Kazakhstan]]

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Kazakhstan Encyclopedia - User contributions [en]

Acmetal