SDR: a superficial dollar replacement
All the G-20 talk has been about aiding/replacing the US dollar as the international reserve currency and the IMF's Special Drawing Rights (SDRs) have been mooted as a potential substitute. The Chinese central bank raised this ahead of the April G-20, and received some support from US Treasury secretary Timothy Geithner and Russia, although not necessarily in its existing form. But the SDR has a long history of being touted as an aid to international liquidity, and then failing to get off the
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