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Redefining Currency Value Based on a Global Points-Based Monetary System

This article introduces an innovative economic framework: a points-based global economic system. Under this model, the value of a nation's currency is determined by points assigned for its contributions to global production, resources, and economic outputs. The system aims to replace speculative currency valuation mechanisms with a transparent, fair, and merit-based approach. Each country's currency gains points proportional to its contribution to the global economy, including GDP, natural resources, and production of key economic drivers. This paper explores GSJ: Volume 12, Issue 11, November 2024 ISSN 2320-9186 1742 GSJ© 2024
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the structure, benefits, and implementation challenges of the system, while providing case studies to illustrate its potential impact on global trade and economic equity. (Rodrik, D. , (2011).)

The global economy has long relied on systems of valuation for currencies rooted in market demand, supply, geopolitical considerations, and speculative forces. These factors, while significant, often overlook a fundamental question: does a currency's value truly reflect its nation's contribution to the global economy? Traditional monetary systems often reward wealth concentration and speculative activities while sidelining real productivity and sustainable practices.

Author: Mohamed Mahmoud Amin Rehab
About the Author: Has an MBA from European International University, Paris, France, and
Bachelor of Commerce, Major Accounting from Tanta University, Egypt
Honorary Board Member of Global Advisory Council USA and Fellow member of Global
Academy of Finance and Management, the International Board of Standards USA, and
Chartered Certified CFO, Fellow of CMI Uk, Lifetime Fellow of ISDS, Member of The Institute
of Certified Management Accountants Australia, Member of The Institute of Public Accountants
Australia, Assoc Member of Institute of Financial Accountants UK, Assoc Member of SOCPA
Saudi Arabia
Corresponding Author emails:
[email protected] | [email protected]
Address: DTVC, King Fahd University of Petroleum and Minerals, Saudi Arabia