Can the United Nations print its own currency?

1 Answer

Answer :

answer:I am no economist, but I will give it a shot :) I dont think they would be able to do that. The UN is not a nation backed organisation in the sense that there is a pool of ressources that they can draw on to support a monetary system, unless it was a consensus between the member nations. The reason that the EU can do it is that they are formost a economic union, and thus have a lot of support in such a venture from its members (albeit declining a bit after the Euro zone economic trouble). The economic ramifications would also be big, since each nation would have to recognize the validity of such a currency, set its value relative to its own and much more. Take the dollar, it has earlier been based on the gold standard, where a dollar was wirth an fixed amout of gold. That was a stable, fixed value, and something you could compare to. Nowadays its more based on the issuing nation’s economy and thus the relative value is fluctuating based on the strengt of the U.S economy. To start a worldwide economy would probably disrupt quite a lot of national economies, leading to issues akin to what we have seen in the Eurozone. This is just me thinking about this over morning coffe, so maybe somebody with more knowledge may have a better answer :) OH.. And I would call it Galactic Credits, just for the added SCi-Fi feel :p

Related questions

Description : Would it be beneficial to permit ATM'S to print currencies?

Last Answer : answer:A lot more ATMs would get stolen. I think the days of the atm are nearly over. Fewer and fewer people have need of paper money.

Description : What's a good place in the USA to trade foreign currency at the face exchange rate?

Last Answer : You’ll probably do best at your own bank if they do exchanges.

Description : Will old European currency become worth anything ever again?

Last Answer : Collectors will at some point become interested in them. Keep them in good shape.

Description : Based on inflation, and the year the expression was first used, what should "giving your 2 cents" be today?

Last Answer : Let me see… Way back in the early 70’s, I heard that a dollar was really only worth .26 cents. So today .02 cents wouldn’t be worth spit.

Description : What fake items are still worth money?

Last Answer : There are some stamps.

Description : Your Thoughts About Coloured Money?

Last Answer : answer:Harder to counterfeit. Looks pretty.

Description : How can I purchase a Zimbabwe quadrillion dollar note?

Last Answer : answer:http://zimbabwedollars.net/ Personally, I think they are a little high. I’d shop around before buying from there.

Description : What is the point of all the gold at Fort Knox?

Last Answer : They used to back up the US currency with gold but that method was done away with when Richard M Nixon was in office.

Description : Is a stamp legal tender in the uk?

Last Answer : that’s bloody ridiculous.

Description : What is going to happen to the euro?

Last Answer : It will find its place in the market based upon the market performance of the EEC. If any of us knew more than that, we wouldn’t waste time posting about it, we would be placing either long or short orders on the Euro with our brokers.

Description : What's a great way to stop using credit cards but keep Mint-friendly electronic transaction records?

Last Answer : Is it possible to use a debt card (linked to a checking or savings account) or a charge card (like American Express) for you business? What specifically don’t you like about credit cards?

Description : What is the conversion rate of pesos to dollars?

Last Answer : silly question..go to xe.com (sorry if im rude)

Description : I was advised by a policewoman to only pay for gas with cash, she wouldnt tell me why, any thoughts?

Last Answer : Cash price is cheaper than credit price in some areas.

Description : With the US dollar plunging in value, what can an individual do to help raise the dollar's value?

Last Answer : vote in the upcoming elections.

Description : Rather than constructing their own currency baskets, many nations peg the value of their currencies to a currency basket defined by the International Monetary Fund. Which of the following illustrates this ... . IMF tranche B. Special Drawing Rights C. Primary reserve asset D. Swap facility

Last Answer : B. Special Drawing Right

Description : Why is it important for nations to have a system for exchanging from one currency to another?

Last Answer : Need answer

Description : Small nations (e.g., Tanzania) with more than one major trading partner tend to peg the value of their currencies to: A. Gold B. Silver C. A single currency D. A basket of currencies

Last Answer : D. A basket of currencies

Description : The Presidency of the United Nations Security Council rotates (in alphabetical order) among its members every: A. 06 months B. 03 months C. 02 months D. 01 month

Last Answer : ANSWER: D

Description : The Presidency of the United Nations Security Council rotates (in alphabetical order) among its members every: A. 06 months B. 03 months C. 02 months D. 01 month

Last Answer : ANSWER: D

Description : In March 2015 the Unted Nations decided to increase Pakistan’s Continental Shelf from 200 to 350 nautical miles. When did Pakistan submit its request for increasing limits of its Continental Shelf, to the United Nations? A. April 2009 B. October 2010 C. January 2011 D. January 2012

Last Answer : ANSWER: A

Description : The Presidency of the United Nations Security Council rotates (in alphabetical order) among its members every: A. 06 months B. 03 months C. 02 months D. 01 month

Last Answer : ANSWER: D

Description : In March 2015 the Unted Nations decided to increase Pakistan’s Continental Shelf from 200 to 350 nautical miles. When did Pakistan submit its request for increasing limits of its Continental Shelf, to the United Nations? A. April 2009 B. October 2010 C. January 2011 D. January 2012

Last Answer : ANSWER: A

Description : The Presidency of the United Nations Security Council rotates (in alphabetical order) among its members every: A. 06 months B. 03 months C. 02 months D. 01 month

Last Answer : ANSWER: D

Description : In March 2019, Indian- American Television personality and food expert ______was appointed by the United Nations Development Programme as its new goodwill ambassador —

Last Answer : Padma Lakshmi

Description : What are the rules to remove a security council member from the United Nations?

Last Answer : The biggies all have the veto and are therefore immune.

Description : October 24 is United Nations Day. How are you celebrating?

Last Answer : By eating internationally themed food. You?

Description : Do world leaders get frisked when traveling by air? Or when going to the united nations or white house?

Last Answer : Vice President Al Gore said that he was the first year after Bush went into office. He also had to provide his ID before being allowed on the plane. At that point in time, he was traveling as a private citizen on a commercial airline.

Description : Did Trump cut the united nations budget by $265 million?

Last Answer : No, it's more complex than that. Trump cut the US's contribution the UN by that amount. The full budget of the UN is far far greater than the $265 million in question here. The full UN Budget ... UN since its founding, one could argue that US interests are not well served by membership in the UN.

Description : Will the USA ask for UN (united nations) support before doing anything in Iraq?

Last Answer : Hopefully. Ideally we will just STFU and let them sort it out. We tried for a decade and that didn’t work. No reason to believe that we can fix things with another decade. Cheney is a fucking idiot that has been wrong about everything.

Description : Come Friday - at the United Nations - the Palestinians will ask for an independant State. Netanyahu will be there and he, along with everyone else will vote YES. There will be peace in the middle east - swords will be made into ploughshares and gasoline will be a nickel a gallon. Right?

Last Answer : answer:I'm not sure what you are really asking here. Your question is facetious, yes, but what are you hoping for? That someone will offer you hope? That someone has a real crystal ball? Are you just ... large families choose hard times to have them in? Right. Mr. 1997 (your lurve as I write this).

Description : Is the United Nations' goal to end poverty by 2015 realistic?

Last Answer : I lol'd. Though I support them in their efforts. End as much poverty as you can. But end all of it in 5 years? Highly unlikely. You should see how many African countries are doing today. That's ... apartment buildings in the capital city to move people out of slums. It's amazing. But it takes time.

Description : I need help quick! why are stable nations a bigger threat to the United States than failed nations?

Last Answer : What do you think about the topic? Surely you must have a starting point to this debate.

Description : Can't Africans form an African Union or African United States so there wouldn't be such struggle on African nations?

Last Answer : They have! It’s called the African Union. Founded 2001.

Description : Major nations throughout time have fallen. What if the United States failed as a nation?

Last Answer : Personally, I believe it will, and a one-world government will take it’s place. It will begin with the financial sector. I say this with a dead-pan face, and a similar tone [but no humor.]

Description : When and why was the United Nations Organisation established? -SST 10th

Last Answer : The United Nations Organisation was established on October 24, 1945 with Headquarters at New York (USA) to save the coming generation from the sources of war.

Description : Explain the consequences of the War with reference to the formation of the United Nations. -SST 10th

Last Answer : Important leaders prioritized internal cooperation over war and sought to end the war. They were also determined to prevent another such war taking place in future. When Second World War ... that would be called United Nations, will take measures to prevent hostilities between member countries.

Description : Name the document that brought the United Nations into being. -SST 10th

Last Answer : United Nations Charter.

Description : Where the headquarter of United Nations located? -SST 10th

Last Answer : New York City (USA).

Description : Name the official language of the United Nations. -SST 10th

Last Answer : English, French, Russian, Spanish, Arabic and Chinese.

Description : When was the term ‘United Nations’ used for the first time? -SST 10th

Last Answer : 1st January 1942.

Description : Who appoints the Secretary General of the United Nations? -SST 10th

Last Answer : The Secretary General of the United Nations is appointed by the General Assembly on. the recommendation of the Security Council.

Description : When was the United Nations Flag adopted? -SST 10th

Last Answer : The UN Flag was adopted on 20th October 1947. It has the UN emblem in white in the center on a light blue background.

Description : When did the United Nations officially came into existence? -SST 10th

Last Answer : 24th October 1945.

Description : Briefly point out the purpose of setting up the United Nations Organisation. -SST 10th

Last Answer : United Nations Organisation was formed with its purpose to maintain peace and security, develop friendly relations and achieve international cooperation. It was to be center for harmonizing the actions of nations for achievement of common ends.

Description : Mention any two main aims of the United Nations. -SST 10th

Last Answer : (i) To maintain International Peace and Security. (ii) To develop friendly relations among nations.

Description : What factors led to the formation of the United Nations Organisation? -SST 10th

Last Answer : Devastation caused by the first and the second world war made it imperative to seek lasting peace. An international organisation to deal with world wide economic depression and imbalance, mutual distrust and ... war was the need of the hour. Thus the United Nations Organisation was formed in 1945.

Description : Where and when the first draft of United Nations Charter was drawn by whom? -SST 10th

Last Answer : In the Dumbarton Oaks Conference held during September-October, 1944 representatives of China, Great Britain, USSR and USA met to draw the first draft of United Nations Charter at Washington. Thus a blue ... was prepared, a major step towards the formation of U.N.O. was taken in this conference.

Description : What factors made it imperative to form a worldwide organisation the United Nations Organisation in 1945? -SST 10th

Last Answer : (i) International peace: This is one of the most important purpose of establishing UNO. It should take effective measures for the removal of threats of the peace. (ii) Friendly relations: ... human rights and fundamental freedom for all without distinction as to race, sex, language or religion.

Description : Briefly state the aims and objectives of the United Nations Organisation. -SST 10th

Last Answer : The United Nations Organisation aimed at: (i) Saving the succeeding generations from the scourge of war. (ii) To re-affirm faith in Fundamental Human Rights, in the dignity and worth of human ... law can be maintained. (iv) To promote social progress and better standard of life in larger freedom.

Description : What were the underlying principles upheld by the aims of the United Nations Organisation as stated in the preamble of the UN Charter? -SST 10th

Last Answer : The ideals and principles embodied in the UN Charter are as under: (i) Fundamental human rights. (ii) Dignity and worth of human person. (iii) Equal rights for men and women. (iv) ... of social progress and better standard of life. (vii) Unity for maintenance of international peace and security.