A United Nations report today called for the abolishing of the U.S. dollar as the global reserve currency, and replacing it with the International Monetary Fund’s special drawing rights (SDRs).
The UN doesn't want to replace with a basket of currencies either, but only on on IMF-controlled SDR’s.
The report also said, “A new global reserve system could be created, one that no longer relies on the United States dollar as the single major reserve currency.”
Some believe the US dollar is being attacked for the purpose of exploiting the weakening economic situation in order to institute a global currency issued by the IMF.
Showing posts with label IMF. Show all posts
Showing posts with label IMF. Show all posts
Thursday, July 1, 2010
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