Tuesday, October 6, 2009

UN calls for new reserve currency


The United Nations called on Tuesday for a new global reserve currency to end dollar supremacy which has allowed the United States the "privilege" of building a huge trade deficit...

..."Greater use of a truly global reserve currency, such as the IMF's special drawing rights (SDRs), enables the seigniorage gained to be deployed for development purposes,"...

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When an article makes so many spelling/grammatical errors it's tough to take it seriously, although it does fit within the overall theme of global monetary trends...