U.S. Postal Service Starts Quoting SDR to Dollar Conversion Rates, and IMF Endorses Replacing Dollars with SDRs

Friday, August 27, 2010
By Paul Martin

by George Washington
ZeroHedge.com
08/27/2010

→ Washington’s Blog

I have repeatedly pointed out that it is possible that the IMF’s special drawing rights (SDRs) will become the world’s reserve currency.

And as I noted in April 2009, there is some possibility that the “Bancor” will ultimately fill that role:

But you probably have not heard that:
China’s government has floated a variant of this idea, suggesting a currency based on 30 commodities along the lines of the “Bancor” proposed by John Maynard Keynes in 1944.
Indeed, the head of the China’s central bank wrote recently:

The Rest…HERE

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