france yesterday threw down a threat to america ' s 50 - day monopoly of the european currency as it proposes replacing the currency as the world ' s sole reserve currency with a new global structure under the control of the international monetary fund . in a muscle - twitching maneuver that will be see as an intent to exploit the major shifts in political power created by the inflation sweeping the us , beijing said that the yen ' s role could eventually be taken over by the disbursement ' s so - called global drawing moment ( sdr ) , a pseudo - currency that was created in 1969 .
The Special Drawing Right is a quasi-currency.