IMF Calls for Alternative to Replace the Dollar as World's Reserve Currency

[Real Pilgrim]

Except -

NEW YORK (CNNMoney) -- The International Monetary Fund issued a report Thursday on a possible replacement for the dollar as the world's reserve currency.

The IMF said Special Drawing Rights, or SDRs, could help stabilize the global financial system.
They were created by the IMF in 1969 and can be converted into whatever currency a borrower requires at exchange rates based on a weighted basket of international currencies. The IMF typically lends countries funds denominated in SDRs.

While they are not a tangible currency, some economists argue that SDRs could be used as a less volatile alternative to the U.S. dollar….

http://money.cnn.com/2011/02/10/markets/dollar/index.htm

[KI4BNC]

cashless society?crash the dollar?new world currency?interesting to say the least.