Akmetal

(redirected from Acmetal)

Akmetal

A theoretical global currency. Under the akmetal system, all central banks would subordinate their policies to a worldwide central bank. It was proposed in 2009 by Nursultan Nazarbayev, the president of Kazakhstan, but the idea attracted little support worldwide.
References in periodicals archive ?
And leaders of Eurasian countries, possibly speaking with the support of Moscow, have proposed this year a shift to a new global currency called the "acmetal" (a conflation of the words "acme" and "capital") or a new non-cash currency that Kazakh president Nursultan Nazarbayev has proposed should be called the yevraz.