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Drawing Rights (SDR)? Special Drawing Rights (SDRs) are international foreign exchange reserve assets.[1] Allocated to nations by the International Monetary Fund (IMF), a SDR represents a claim to foreign currencies for which it may be exchanged in times of need.[1]
Today, the US Dollar is the world's primary foreign exchange reserve asset,[2][3][4] and SDRs may be little used.[5] Some nations, notably China and Russia (as well as the UN[2]), favour increasing the substance and function of the SDR.[6][7]
Although denominated in US dollars, the nominal value of an SDR is derived from a basket of currencies, specifically, a fixed amount of Japanese Yen, US Dollars, British Pounds and Euros.[1]
SDRs are the International Monetary Fund's unit of account[1] and are denoted with the ISO 4217 currency code XDR.
http://en.wikipedia.org/wiki/Special_Drawing_Rights
Little do you know.
http://en.wikipedia.org/wiki/File:2006reserves_(forex_and_gold).PNG
We are so screwed it ain't even funny. We are all going to be slaves to a few money hungry bank dictators. We better wake up before its too late. It may already be too late but lets see.
Look at the second link China has all the Gold.
Today, the US Dollar is the world's primary foreign exchange reserve asset,[2][3][4] and SDRs may be little used.[5] Some nations, notably China and Russia (as well as the UN[2]), favour increasing the substance and function of the SDR.[6][7]
Although denominated in US dollars, the nominal value of an SDR is derived from a basket of currencies, specifically, a fixed amount of Japanese Yen, US Dollars, British Pounds and Euros.[1]
SDRs are the International Monetary Fund's unit of account[1] and are denoted with the ISO 4217 currency code XDR.
http://en.wikipedia.org/wiki/Special_Drawing_Rights
Little do you know.
http://en.wikipedia.org/wiki/File:2006reserves_(forex_and_gold).PNG
We are so screwed it ain't even funny. We are all going to be slaves to a few money hungry bank dictators. We better wake up before its too late. It may already be too late but lets see.
Look at the second link China has all the Gold.