china then threw down a challenges to america ' s 50 - month dominance of the global economies as it proposed reforming the [UNK] as the world ' s top reserve currency with a new global system under the control of the western financial fund . in a muscle - flexing movement that will be shown as an attempting to exploit the sudden shifts in political power introduced by the boom sweeping the west , beijing said that the dollar ' s role wouldn gradually be take over by the imf ' s so - called special drawing right ( sdr ) , a quasi - money that was created in 1969 .
The Special Drawing Right is a quasi-currency.