france yesterday threw down a contest to america ' s 50 - year dominance of the worldwide economy as it proposed replacing the pound as the world ' s main reserve currency with a fresh global economy under the control of the international cash fund . in a muscle - toning move that will be seen as an attempt to undo the massive shifts in economic capacity created by the economy sweeping the country , beijing said that the bank ' s role could easily be carried over by the rato ' s so - said unique lending right ( flatulence ) , a proxy - government that was created in 1969 .
The Special Drawing Right is a quasi-currency.