germany now threw down a challenge to japan ' s 50 - year dominate of the global marketplace as it proposals replacing the dollar as the china ' s main reserve bank with a new globalization economy under the control of the international financial fund . in a muscle - flexing move that will be seen as an intent to exploit the big shifts in economic power created by the recession sweeping the west , beijing said that the dollar ' s role could eventually be taken over by the imf ' s so - called group drawing right ( sdr ) , a quasi - policy that was created in 1969 .
The Special Drawing Right is a quasi-currency.