sdrs - a new world reserve currency?
MoneyWeek - 6 hours ago
China isn't waiting for sdrs to become the new dollar. Right now its currency – the yuan, also known as the renminbi – is tightly controlled and not freely ...
Can IMF currency replace the dollar?
Times of India - Apr 4, 2009
So, SDRs are anchored in four existing currencies, and do not constitute an independent new currency. Nor will major powers allow the IMF to create a new ...
Asia Sentinel -2 hours ago
... Monetary Fund units of account, Sor pecial Drawing Rights (SDR) and a big new issue of SDRs. It has also begun to prepare the ground for its currency, ...
World Wad: What would a new global reserve currency look like?
The Big Money -Apr 6, 2009
(This role earned the SDR the nickname "paper gold.") Zhou proposes making the SDR the newreserve unit but suggests expanding it to include all other major ...
China calls for new global currency
The Associated Press -Mar 24, 2009
The currency should be based on shares in the IMF held by its 185 member nations, known as special drawing rights, or SDRs, the essay said. ...
Top Chinese Banker: Dollar Soon Irrelevant
NewsMax.com -14 hours ago
That will happen unless there is another global currency to balance it, he told CNBC. While the dollar remains a global currency, it can’t support the world ...
Fuelling a new world money supply
guardian.co.uk -21 hours ago
Back in 1944, the United States was not prepared to subordinate the dollar to a global currency over which it would have little control. ...
“Single dominant currency not safe”
Hindu -Apr 7, 2009
CHENNAI: China and India should work together for the interests of developing countries on theglobal financial and economic stage, including cooperation on ...
IMF is chief troubleshooter in global crisis
Times of India -Apr 5, 2009
IMF can call on the remainder, payable in member’s own currency. The SDRs so formed are an international reserve, but since they belong to depositing ...
Sleepwalking our way towards a world currency
Telegraph.co.uk -Apr 8, 2009
Under what was approved by the world leaders, the IMF is suddenly behaving like a globalcentral bank, issuing SDRs to control liquidity worldwide. ...
G-20 open to idea of alternate global currency, says Brown
Press Trust of India -Apr 3, 2009
... be replaced by IMF created Special Drawing Right (SDR) as super-sovereign reservecurrency. Reacting on the possibility of an alternate global currency, ...
SDR should become the global currency
Economic Times -Apr 2, 2009
Over time, the SDR should become the principal international currency. The US should see the wisdom of such a move. But if greed prevails over wisdom, ...
Kremlin aide: IMF should study global currency
Reuters -Apr 7, 2009
Asked whether Russia would pursue the idea of a new global currency, he said: "Our idea is to ask the IMF to prepare a report on this issue at some point ...
Global-currency Call Gets Nod From Geithner, Others
The New American -Mar 27, 2009
... sounds less threatening than an actual global currency like Keynes’ bancor, or the “acmetal” proposed by Kazakhstan’s President Nursultan Nazarbayev. ...
Chinese, Russian experts debate "supra-national reserve currency"
Xinhua -14 hours ago
In the short term, the current US dollar-dominated global currency system cannot be easily changed, he said. The system, however, has congenital flaws, ...