It's no secret that many of the world's largest industrialized nations are somewhat eager to ease their reliance on the U.S. dollar.
For months China and Russia have pushed ever subtly, for a new "global reserve currency," to give governments around the world enhanced economic stability in the event of greater fluctuations in the dollar's value.
But what wasn't known, until recently, is how far along the International Monetary Fund was in the planning of elevating its so-called "special drawing rights" from mere international agreement to an actual, legitimate global currency.
~
No comments:
Post a Comment