Russian President Dmitry Medvedev has recently called for a new global currency. This 'world wide currency' would replace the dollar as the World’s Reserve Currency.
At the G-8 meeting, held in L’Aquila, Italy Medvedev showed the new coin to illustrate what he said was a "united future world currency."
The coin, was minted in Belgium and was presented to all the G-8 leaders. "You can see it and touch it," Medvedev said. It bears the words, the United Future World Currency on the front.
China has also called for the creation of a new global “supranational currency” such as the International Monetary Fund’s special drawing rights (SDR’s), to add stability to global financial markets.
The United Nations also published a report earlier this year, that called for the replacement of the U.S. Dollar and the creation of a global reserve bank and a new world currency to protect emerging markets from the “confidence game” of financial speculation.