Special drawing rights issued by the International Monetary Fund could be used as an international reserve currency, Hu Xiaolian, vice-governor of the People's Bank of China, said Friday. Hu told a symposium organized by the Bank of Paris that volatility in exchange rates among existing reserve currencies – which include the U.S. dollar – affects commodity prices and causes problems for other nations ... Hu said the SDRs have "a potential role to play as an international reserve asset." – Wall Street Journal
Dominant Social Theme: The time has come to make a change. The IMF can lead the way to global financial efficiency.