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IMF:- Wants a new Fiat currancy, replace an old Fiat currancy
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Re: IMF:- Wants a new Fiat currancy, replace an old Fiat currancy
Strauss-Kahn saw a greater role for the IMF's Special Drawing Rights, which is currently composed of the dollar, sterling, euro and yen, over time but said it will take a great deal of international cooperation to make that work.
I remember when the SDR was backed by gold - ah - the good old days. I'm sure that "international cooperation" is just around the corner.
This would all be rather funny - if it wasn't so sickening.
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