Head of IMF Proposes New Reserve Currency

(AP) — 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.

via Head of IMF Proposes New Reserve Currency – ABC News.

Be the first to comment

Leave a Reply

Your email address will not be published.


*