Super Currency

When he’s not busy saving the world or shopping for glasses and replacement shirts, Superman is campaigning for a super currency: the maybe-one-day global currency.

A super currency is the hypothetical “one” currency of the world, a supranational currency. Fans of the International Monetary Fund (IMF) are down for it being the central bank of the super currency.

It might sound crazy, but a lot of nations have come out in support of a super currency...particularly the up-and-coming economies of Brazil, Russia, India, China, and South Africa (BRICS), and particularly after the financial crisis of 2008.

Yep...not everyone is a fan of the U.S. dollar being the world’s dominant reserve currency. With the collapse of the Bretton Woods system in the 1970s (a system that tied other currencies to the U.S), other countries have been complaining about the volatility and subsequent crises that the U.S. dollar has caused.

As BRICS countries begin to dominate the global economy more and more, and American policy takes a progressively more pacifist approach to being powerful, a super currency is more possible. Still, it’s also possible it would be just as not-possible as it is today, since it would require countries to give up some currency autonomy and power in exchange for the super currency.

In other words, a super currency would require...super cooperation.