Once again the IMF is calling for SDRs, short for Special Drawing Rights, to replace the U.S. dollar as the world’s reserve currency. “Over time, there may also be a role for the SDR to contribute to a more stable international monetary system,” said Dominique Strauss-Kahn, managing director of the IMF. He said there are some “technical hurdles” involved with SDRs, but he believes they could help correct global imbalances and shore up the global financial system. In addition to … Continue reading →