Dittos Rush!

DITTOS RUSH! Contemporary media musings bestowed by an American conservative Christian!

Saturday, February 27, 2010

Head of IMF Proposes New Reserve Currency!

Dominique Strauss-Kahn, the head of the International Monetary Fund, suggested Friday the organization might one day be called on to provide countries with a global reserve currency that would serve as an alternative to the U.S. dollar.
"That day has not yet come, but I think it is intellectually healthy to explore these kinds of ideas now," he said in a speech on the future mandate of the 186-nation Washington-based lending organization.
He said having other alternatives to the dollar "would limit the extent to which the international monetary system as a whole depends on the policies and conditions of a single, albeit dominant, country."
http://abcnews.go.com/Business/wireStory?id=9958995

Remember this back in September 2009:
UN Calls for the Creation of Global Reserve Currency

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