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France wants new global finance system

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Christine Lagarde wants changes on world's finance system. France will help the transition to a global financial system based on ‘several international currencies’, the French Economy Minister said today. France, as current head of the Group of 20 countries, will help the transition to a global financial system based on ‘several international currencies’, French Economy... 

IMF calls for dollar alternative

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The International Monetary Fund issued a report Thursday on a possible replacement for the dollar as the world’s reserve currency. The IMF said Special Drawing Rights, or SDRs, could help stabilize the global financial system. SDRs represent potential claims on the currencies of IMF members. They were created by the IMF in 1969 and can be converted into whatever currency a borrower requires... 
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