25 Aug 2011Top developmental economist says steps should be taken to create an international currency to replace the dollar as the world’s sole reserve currency .
STEPS should be taken to create an international currency to replace the dollar as the world’s sole reserve currency, top developmental economist Meghnad Desai said yesterday.
Special drawing rights (SDRs) could be reconfigured for use as the new currency, said Mr Desai, an emeritus professor at the London School of Economics.
http://www.businessday.co.za/articles/Content.aspx?id=151573
