This paper extends previous work by Ijiri (1995) by proposing the use of a stable composite currency in global financial reporting. Ijiri argues that transnational corporations should report financial statements using a composite currency rather than individual home currencies to avoid currency-dependent results. We propose a composite currency comprised of national currencies of different countries that is stable in value over time. Consistent with Ijiri, transnational corporations would benefit from a stable benchmark for measuring accounting values.