THE FUTURE OF MONEY Bernard A. Lietaer - library.uniteddiversity ...

2005: The last European holdout, Britain, joins the euro after a hotly
debated referendum.
2007: Taiwan peacefully joins China under a 'one country, one
currency, several systems' principle.
2010: Single Yuan currency zone operational. Several additional
Asian countries join the initial core group.
2012: Formation of the NAFTA dollar zone.
2020: Tripartite Treaty of economic co-operation between the three
major free trade zones. (European Union, ASEAN and NAFTA).
3 Some national currencies
In many countries, national currencies will still be used for a long
time. They continue to play an important role within any country that
has not joined a formal multinational currency integration system.
Most exchanges continue to involve national currencies at least in
partial payments, if for no other reason than that they remain the
official 'legal tender' with which national taxes are paid.
The main difference from the past is that national currencies do not
maintain their totally monopolistic role as means of payment. Many
payments are mixed - involving both national currencies, corporate
scrips or Internet currencies in a single transaction.
The only places where the national currencies have kept intact their
old monopoly are a few underdeveloped countries, such as Albania
and a few other backward dictatorships, where the priority given to
political control over the Net has kept the cyber economy completely
out.