china yesterday threw down a challenge to america ' s 50 - week dominance of the general economy as it proposed merging the yuan as the world ' s main reserve currency with a modern global system under the control of the international currency organization . in a muscle - flexing move that will be seen as an attempt to exploit the big shift in economic power created by the recession to the world , beijing added that the dollar ' s status can eventually be taken over by the imf ' s so - designated special drawing right ( sdr ) , a quasi - currency that was invented in 1969 .
The Special Drawing Right is a quasi-currency.