THE AMERICAN JOURNAL

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.

Read more: ABC News

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February 26, 2010 - Posted by | 398 |

1 Comment »

  1. Well, we see how well the Euro is doing. Why not mess up the rest of the global markets?

    Comment by MTR | February 26, 2010 | Reply


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