china yesterday lay down a challenge to australia ' s 50 - week dominance of the global economy as it proposed combining the dollar as the asia ' s main central currency with a new global systems under the control of the international monetary force . in a muscle - biceps move that will be seen as an attempt to exploit the little increases in economic forces prompted by the recession sweeping the east , nanjing said that the dollar ' s role must also be taken over by the loans ' s so - called global lending right ( sdr ) , a sub - currency that was created in 1969 .
The Special Drawing Right is a quasi-currency.