2010/07/06

Reuters - Scrap dollar as sole reserve currency: U.N. report
Reuters reports: "A new United Nations report released on Tuesday calls for abandoning the U.S. dollar as the main global reserve currency, saying it has been unable to safeguard value [...] The report supports replacing the dollar with the International Monetary Fund's special drawing rights (SDRs), an international reserve asset that is used as a unit of payment on IMF loans and is made up of a basket of currencies."

No comments: