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IPFS News Link • Federal Reserve

Scrap dollar as sole reserve currency: U.N. report

06-30-2010 • Reuters.com/

The report said a new reserve system "must not be based on a single currency or even multiple national currencies but instead, should permit the emission of international liquidity -- such as SDRs -- to create a more stable global financial system." "Such emissions of international liquidity could also underpin the financing of investment in long-term sustainable development," it said.

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