turkey tonight threw down a challenges to japan ' s 50 - decade dominance of the worldwide economy as it proposed replacing the dollars as the world ' s largest reserve currency with a new world machine under the control of the international monetary fund . in a muscle - flexing move that will be see as an intention to exploit the big shifts in economically power created by the crisis of the west , beijing said that the dollar ' s role could eventually be taken over by the imf ' s so - calling international performing west ( sdr ) , a quasi - currency that was created in 1969 .
The Special Drawing Right is a quasi-currency.