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IPFS News Link • Currencies

IMF Calls for SDR-Denominated Bonds


International Monetary Fund director Dominique Strauss-Kahn calls for new world currency ... Dominique Strauss-Kahn, managing director of the International Monetary Fund, has called for a new world currency that would challenge the dominance of the dollar and protect against future financial instability ... "Global imbalances are back, with issues that worried us before the crisis – large and volatile capital flows, exchange rate pressures, rapidly growing excess reserves – on the front burner once again," Strauss-Kahn said ... "Using the SDR to price global trade and denominate financial assets would provide a buffer from exchange rate volatility," Strauss-Kahn said, while "issuing SDR-denominated bonds could create a potentially new class of reserve assets." – UK Telegraph

Dominant Social Theme: Since national fiat currencies are unstable, let us migrate to global ones ...