Posts Tagged ‘ Dollar replaced ’

UN calls for Special Drawing Rights to replace dollar internationally

July 4, 2010
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UN calls for Special Drawing Rights to replace dollar internationally

A United Nations report has called for an end to the dollar as the international reserve currency. The UN Department of Economic and Social Affairs concluded that “The dollar has proved not to be a stable store of value, which is requisite for a stable reserve currency.” They argued that countries that have been...

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