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One World Currency Sought *LINK*

Posted By: karibkween
Date: Wednesday, 22 June 2011, at 2:54 p.m.

In Response To: an informed perspective on your question . . . *NM* *LINK* (three_sixty)

IMF Calls For Dollar Replacement, One World Currency Sought

NEW YORK (CNNMoney) — The International Monetary Fund issued a report Thursday on a possible replacement for the dollar as the world’s reserve currency.

The IMF said Special Drawing Rights, or SDRs, could help stabilize the global financial system.

SDRs represent potential claims on the currencies of IMF members. They were created by the IMF in 1969 and can be converted into whatever currency a borrower requires at exchange rates based on a weighted basket of international currencies. The IMF typically lends countries funds denominated in SDRs

While they are not a tangible currency, some economists argue that SDRs could be used as a less volatile alternative to the U.S. dollar.

Dominique Strauss-Kahn, managing director of the IMF, acknowledged there are some “technical hurdles” involved with SDRs, but he believes they could help correct global imbalances and shore up the global financial system.

“Over time, there may also be a role for the SDR to contribute to a more stable international monetary system,” he said.

Connecting the dots

Messages In This Thread

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Re: North, West, Fire, Water, Birthplace *LINK*
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Re: North, West, Fire, Water, Birthplace
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Re: North, West, Fire, Water, Birthplace
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Re: North, West, Fire, Water, Birthplace
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Re: North, West, Fire, Water, Birthplace
three_sixty -- Saturday, 30 April 2011, at 4:05 p.m.

Re: North, West, Fire, Water, Birthplace *LINK*
karibkween -- Saturday, 4 June 2011, at 8:39 p.m.

Re: North, West, Fire, Water, Birthplace *LINK*
karibkween -- Sunday, 5 June 2011, at 1:05 p.m.

Re: North, West, Fire, Water, Birthplace *LINK*
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Re: North, West, Fire, Water, Birthplace
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Re: North, West, Fire, Water, Birthplace
karibkween -- Saturday, 30 April 2011, at 8:35 p.m.

Re: North, West, Fire, Water, Birthplace *LINK*
three_sixty -- Tuesday, 21 June 2011, at 10:43 a.m.

Re: North, West, Fire, Water, Birthplace *NM* *LINK*
three_sixty -- Tuesday, 21 June 2011, at 10:44 a.m.

Re: North, West, Fire, Water, Birthplace *NM* *LINK*
three_sixty -- Tuesday, 21 June 2011, at 10:45 a.m.

Re: North, West, Fire, Water, Birthplace
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Re: North, West, Fire, Water, Birthplace *LINK*
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Re: North, West, Fire, Water, Birthplace *LINK*
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Re: North, West, Fire, Water, Birthplace *LINK*
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Re: North, West, Fire, Water, Birthplace *LINK*
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Re: North, West, Fire, Water, Birthplace *LINK*
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Re: North, West, Fire, Water, Birthplace *NM* *LINK*
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Re: North, West, Fire, Water, Birthplace *NM* *LINK*
three_sixty -- Saturday, 13 August 2011, at 3:58 p.m.

Re: North, West, Fire, Water, Birthplace *LINK*
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Re: North, West, Fire, Water, Birthplace
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Re: North, West, Fire, Water, Birthplace
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Re: By the grace of Jove
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Re: By the grace of Jove *LINK*
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three_sixty -- Wednesday, 11 May 2011, at 4:46 p.m.

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three_sixty -- Wednesday, 11 May 2011, at 8:27 p.m.

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three_sixty -- Wednesday, 1 June 2011, at 5:53 p.m.

Re: By the grace of Jove
karibkween -- Thursday, 2 June 2011, at 4:25 p.m.

Re: By the grace of Jove
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an informed perspective on your question . . . *NM* *LINK*
three_sixty -- Tuesday, 7 June 2011, at 11:32 a.m.

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karibkween -- Wednesday, 22 June 2011, at 2:54 p.m.

Re: One World Currency Sought *NM* *LINK*
three_sixty -- Wednesday, 22 June 2011, at 7:47 p.m.

Re: One World Currency Sought *NM* *LINK*
three_sixty -- Tuesday, 28 June 2011, at 12:39 p.m.

Re: One World Currency Sought *NM* *LINK*
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