420 banks demand 1-world currency

Monday, October 11, 2010
By Paul Martin

International finance group seeks remedy to looming exchange wars

JEROME CORSI
WorldNetDaily.com
October 10, 2010

The Institute of International Finance, a group that represents 420 of the world’s largest banks and finance houses, has issued yet another call for a one-world global currency, Jerome Corsi’s Red Alert reports.

“A core group of the world’s leading economies need to come together and hammer out an understanding,” Charles Dallara, the Institute of International Finance’s managing director, told the Financial Times.

An IIF policy letter authored by Dallara and dated Oct. 4 made clear that global currency coordination was needed, in the group’s view, to prevent a looming currency war.

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