9 ms·
The title is unfortunate: it doesn't reflect the tone of the article; the UK government isn't plotting against the dollar's reserve status; and the phrase "doll
by mblakele 18y ago
The title is unfortunate: it doesn't reflect the tone of the article; the UK government isn't plotting against the dollar's reserve status; and the phrase "dollar as global reserve currency" implies a monopoly that does not exist (http://en.wikipedia.org/wiki/Reserve_currency http://en.wikipedia.org/wiki/Reserve_currency).
http://www.economist.com/finance/displaystory.cfm?story_id=13447239 http://www.economist.com/finance/displaystory.cfm?story_id=1... has more information on what special drawing rights are, and some of the politics involved.