French president says must consider SDR role

Emmanuel Jarry
Reuters
Posted December 23, 2010

 
• A d v e r t i s e m e n t

 

PARIS – French President Nicolas Sarkozy said that his G20 agenda to reform the international monetary system would look at widening the role of the IMF’s Special Drawing Rights and tackling international capital flows.

France, which took over the presidency of the G20 group of industrial and developing nations last month, is sounding out governments on ways to reform a monetary system dominated for decades by the US dollar with the aim of creating greater global stability.

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“We need to start thinking about the relevance of a system based on accumulation of dollar reserves,” Mr Sarkozy said, adding that France would float proposals during the next year.

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This article was posted: Thursday, December 23, 2010 at 11:00 am

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