Tuesday, July 06, 2010

Reuters - Scrap dollar as sole reserve currency: U.N. report
Reuters reports: "A new United Nations report released on Tuesday calls for abandoning the U.S. dollar as the main global reserve currency, saying it has been unable to safeguard value [...] The report supports replacing the dollar with the International Monetary Fund's special drawing rights (SDRs), an international reserve asset that is used as a unit of payment on IMF loans and is made up of a basket of currencies."

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