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SDRs are an alternative. That's if they can be implemented in time. The US would have done better to give China a seat at the IMF table, but by locking them out
by retrogradeorbit 11y ago
SDRs are an alternative. That's if they can be implemented in time. The US would have done better to give China a seat at the IMF table, but by locking them out it has created a monetary adversary that stands against the SDRs adoption as a global reserve currency.
https://en.wikipedia.org/wiki/Special_drawing_rights https://en.wikipedia.org/wiki/Special_drawing_rights
- forgetsusername 11y ago>That's if they can be implemented in time. They've been talking about SDRs for over 40 years. I'd say it's a demand problem, not an implementation problem.