Establishment of a Single World Currency and Overcoming the Economic Crisis

ASTANA, Kazakhstan, May 21, 2012 /PRNewswire/ –

More than 70 experts from 40 countries prepare an Open Letter for G20

countries’ leaders in Kazakhstan

Leaders and former leaders of five states, 11 current and former prime-ministers, 25
current and former ministers and 40 top managers of international organizations,
transnational corporations and businesses, 12 Nobel laureates and renowned scientists will
gather at the V Astana Economic Forum to share their proposals for the development and
improvement of the global economy. More than 6,000 delegates from 85 countries and more
than 8000 active users of the G-Global communication platform from 143 countries around
the world will participate in the discussion.

The need of constructive collaboration has been repeatedly said by the President of
Kazakhstan Nursultan Nazarbayev. Speaking from the rostrum of the solemn meeting in Astana
to the world community on December 15, 2011, Nazarbayev said that “at the very beginning
of 2009, in the midst of crisis, I took the initiative to the global financial reform.I
have said that that light anti-crisis measures will not save the world from the waves of
the growing crisis. The course of events has confirmed these words, no one has been able
to offer the world anti-crisis plan, which would be adopted by consensus, unfortunately,
the formats of the G-20, G-8 show the inefficiency – discussing of the world anti-crisis
plan is not even started.”

The Kazakhstani leader has declared that there is a necessity to dramatically expand
the number of participants in the anti-crisis solution, and has initiated the idea of
the G-Global communication platform, where the Astana Econimic Forum is a working
platform for. The President was sure that Kazakhstan has a mandate to address G20
countries and integrity of the world community: Kazakhstan leads the worldwide “For a
Nuclear-Free World” movement and is a member of the United Nations. “We have successfully
chaired in the OSCE, held the first in the 21st century the OSCE summit in Astana. This
year we led the Organization of Islamic Cooperation. We have held congresses of the world
religions. I listed those achievements, while initiating G-Global, because I am sure our
offer will be heard,” concluded Mr. Nazarbayev. Obviously, the aim of the Kazakhstani
Leader’s idea about formation of the G-Global is not simply increasing the number of
participants in the development of anti-crisis measures, but the expansion of
fundamentally different approaches to the reform of global finances. A qualitatively new
approach of development will be discussed at the AEF, based on which the idea of the
Eurasian (world) “development” currency would be introduced.

Other important issues of the Forum are creation of a new model of strategic planning
for transition to sustainable economy, global energy-ecological strategy, food security,
“green economy”, alternative energy sources, and a single agricultural hub of the Customs
Union countries. The opinions of respected experts and the best recommendations of regular
citizens will be united by the Dialogue of Leaders – a council of top-ranked officials of
economics, business, politics and media – which is an exclusive event of the V AEF. At the
end of the Forum the “Open Letter to G-20 countries” will be sent to the Organizing
Committees of the G-8 and G-20, the UN, the International Monetary Fund, World Bank, the
Organization for Economic Cooperation and Development.

Everyone can participate in the development of recommendations for G-20 countries on
the site of the G-Global communication platform of the Astana Economic Forum

http://www.g-global.aef.kz.

Organizers of the V Astana Economic Forum: “Eurasian Economic Club of Scientists”, 14
Ministries of the Republic of Kazakhstan, National Bank of the Republic of Kazakhstan,
National Welfare Fund “Samruk-Kazyna”, United Nations, World Intellectual Property
Organization, Reinventing Bretton-Woods Committee, Madrid Club, Russian Academy of Natural
Sciences and others.

An international Press-Centre of the V Astana Economic Forum:

        Akmaral Kulshinbayeva
        +7-7172-48-20-26
        aef2012@media-agency.kz

        Dinara Bekturova
        +7-7172-701-812
        media@aef.kz

        Gulim Orazbayeva
        +7-7172-701-791
        orazbayeva@aef.kz

More information about the Forum, its participants, updated daily public materials and
news is available at a special news portal for media http://www.aef.media-city.kz.

SOURCE Astana Economic Forum 2012