To:Lee Hudson Teslik, Council on Foreign Relations ;

----- Original Message -----

From:Morrison Bonpasse

Sent: Thursday, August 30, 2007 7:18 AM

Subject: New Leadership for the IMF

Dear Council on Foreign Relations and Mr. Teslik:

In your "Daily Analysis" on "The IMF Leadership Search" you briefly noted that the world's multi-currency system is not what it was in 1944 when you said "some critics say the fund may still fade as global currencies become more stable, mitigating the need to keep an international piggy bank for bailouts."

I don't consider myself as a critic of the IMF, but am one who is concerned about the IMF's furture direction, and that direction should be toward a Single Global Currency. Along that road, the IMF can transform itself into part of the management structure withinthe Global Monetary Union, perhaps as part of the Global Central Bank.The need for the the original functions of the IMF has changed, butthe IMFcontinues to play a stabilizing role as long as we perpetuate ourriskymulti-currency international financial system.

Benn Steil's article, "The End of National Currency" in the May issue of Foreign Affairs, described this trend toward fewer currencies, even if he didn't endorse its logical end result: the Single Global Currency.

Forwarded below is my email to the Executive Directors of the IMF regarding their search for a new Managing Director. Attached to that email was a one-page FACT sheet which is attached to this email to you. Also attached here is an e-copy of the 2006 andoriginaledition of my book, The Single Global Currency - Common Cents for the World.

I hope that the Council on Foreign Relations, and Foreign Affairs, will soon join the call for research and planning for a Single Global Currency, managed by a Global Central Bank within a Global Monetary Union.

Even if last week's, and continuing, international financial turmoil didn't include a specific currency crisis, the risks to the international system were apparent to many. Why should we wait for a full-blown international currency crisis before we seriously begin the necessary work to implemenent a Single Global Currency?

The eurozone now includes 13 countries and will increase to 15 in January. The world now uses 146 currencies to support the financial needs of 192 U.N. members. In January, that number will decrease to 144. The planned monetary unions of the Arabian Gulf, Eastern Africa and Southern Africa willreducethe number to about 120.Why not projectthe trendfurther to 100 to 50 to 1?

Sincerely,

Morrison

Morrison Bonpasse

President

Single Global Currency Association

P.O. Box 390

Newcastle, ME 04553 USA

1-207-586-6078

----- Original Message -----

From:Morrison Bonpasse

To:Meg Lundsager, IMF Executive Director ; Abbas Mirakhor, IMF Executive Director ; Adarsh Kishore, IMF Executive Director ; Peter Gakunu, IMF Executive Director ; Roberto Guarnieri, IMF Executive Director ; GE Huayyong, IMF Executive Director ; Shigeo Kashiwagi, IMF Executive Director ; Willy Kiekens, IMF Executive Director ; Jeroen Kremers, IMF Executive Director ; Eduardo Loyo, IMF Executive Director ; Thomas Moser, IMF Executive Director ; Aleksei Mozhin, IMF Executive Director ; Richard Murray, IMF Executive Director ; Hooi Eng Phang, IMF Executive Director ; Laurean Rutayisire, IMF Executive Director ; Arrigo Sadun, IMF Executive Director ; Tom Scholar, IMF Executive Director ; A. Shakour Shaalan, IMF Executive Director ; Javier Silva-Ruete, IMF Executive Director ; Klaus Stein, IMF Executive Director ; Tuomas Saarenheimo, IMF Executive Director

Sent: Saturday, July 14, 2007 8:08 AM

Subject: Recommendation to add to Managing Director Selection Process: Long Term Strategy toward a Single Global Currency

Dear Members of the International Monetary Fund Executive Board:

Thank you for your statement of 12 July regarding the selection process for a new Managing Director.

Within that statement was the important phrase, "will be capable of providing strategic vision..."

To show that strategic vision,each candidate forManaging Director should inform the Executive Board where s/he believes the world's multi-currency system should be moving: toward more currencies, status quo, or fewer currencies. The Board should select only a candidate who understands that moving toward fewer currencies is the way toward true international financial stability, theprimary goal of the IMF;and moving to aSingle Global Currency is the logical end of that process. Attached is a short summary of the benefits of a Single Global Currency, managed by a Global Central Bank, within a Global Monetary Union.