The Plan

• Basis of the world currency unit will be a basket of the three to five largest stable currency areas.

• Five largest currency areas are, in order, the Dollar, the Euro, the Yen, the Yuan and the Pound.

• My proposal involves the top three, Dollar-Euro-Yen, or DEY.

• Decision about inclusion of yuan and pound is deferred.

• Decision about inclusion of gold is also deferred.