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IMF Has Another Trick Up Its Sleeve When Fiat Fails – Its Own Coin SDR

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Virtually everybody knows what a dollar is, but not as many know about the SDR. The International Monetary Fund’s (IMF) Special Drawing Rights is an international, monetary reserve system created specifically to address limitations of gold and standard fiat currencies such as the USD. In short, should these fail, central banks and their governments retain the ability to trade and plan with liquidity via another, exclusive instrument — the SDR.

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An Artificial Currency

The SDR is not an actual currency, according to the IMF, but ...

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