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The IMF's SDR has to start somewhere to become a global reserve currency, thankfully the G-20

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RB TexLa Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-02-09 11:05 AM
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The IMF's SDR has to start somewhere to become a global reserve currency, thankfully the G-20
started the ball rolling.



He said leaders agreed to commit new resources of 1 trillion dollars that are available to the world economy through the International Monetary Fund and other institutions.

This included 250 billion dollars of IMF reserve units called Special Drawing Rights. "This is available to all IMF members," Brown said. In addition, the IMF would see its own resources tripled, with up to $500 billion of new funds.


http://news.yahoo.com/s/nm/20090402/ts_nm/us_g20_23
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