Re: Good Read from ZH

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Re: Good Read from ZH

in response to

Re: Good Read from ZH

mbgld

posted on Jul 23, 2010 11:43PM

Up until 2004 the BIS denominated its financial statements in Gold Francs. It now has made a major shift to denominating itself into Special Drawing Rights (SDRs). The calculation is exactly the same as used for the IMF. The SDR is operating as a defacto currency.

Paving the road to move away from the US Dollar.

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