← All Committees
BEGINNER · HIGH SCHOOL
Economic and Financial Affairs Council
Topic 1 — Adopting a Unified Global Currency
Topic 2 — Combatting Transnational Financial Crimes and Illicit Financial Flows
01 · TOPIC OVERVIEW
Money without borders or borders without money.
The global financial system was built for a world of nation-states. In 2026, that world is straining under crypto markets, dark-web finance, and the political impossibility of consensus on what a shared currency would even mean.
Delegates representing major economies will negotiate two of the most contested questions in international economics: whether monetary union can scale globally, and how to close the regulatory gaps that allow billions to move untaxed and untraceable across jurisdictions.
QUESTION OF
The macroeconomic preconditions for a viable supranational currency
QUESTION OF
The role of central bank digital currencies in undermining or reinforcing financial sovereignty
QUESTION OF
Cross-border enforcement mechanisms for anti-money-laundering frameworks
02 · CHAIR BOARD
Two chairs. Your floor.
CHAIR
Hani Khawli
CHAIR
Karim Al Rayess
03 · COUNTRY MATRIX
Seats around the table.
MEMBER STATES · 25 DELEGATIONS
UNITED STATES OF AMERICACHINAGERMANYFRANCEUNITED KINGDOMJAPANINDIARUSSIASAUDI ARABIABRAZILCANADAITALYSOUTH KOREAAUSTRALIASPAINNETHERLANDSSWITZERLANDSINGAPOREUNITED ARAB EMIRATESMEXICOINDONESIATURKEYSOUTH AFRICAARGENTINANIGERIA
25
Total Seats
13
Simple Majority
None
Vetoes