Terra

Commodity

Terra (The Trade Reference Currency, TRC) is the name of a theorized ‘world currency.’ The concept is currently proposed by Belgian economist Bernard A. Lietaer and is designed to resist currency inflation. The currency is meant to be based on a basket of the 9-12 most important commodities (according to their importance in world wide trade). For example: 100 Terra = 1 barrel of oil + 10 bushels of wheat + 20 kg of copper, etc. The basic principle emerged from early concepts presented in an article in the French newspaper ‘Le Fédériste’ in 1933.

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