The world already has what they're talking about. Lets see...A currency that is controlled by a central authority which dictates all policies...sounds just like FIAT to me.

Sounds like they want to make a play at forcing the world to use their fiat electronic currency. Like the Almighty USD. Wonder what China thinks about that.

So funny how they state the advantages as if it's from their own ingenuity and creative brilliance.

I wonder how they plan to secure their brilliant new electronic fiat money.

Venezuela beat them to the punch, and the Petro coin is not working out so well.