IMF plans to introduce 100 billion dollar green fund
Economy • January 2010 • Views: 596
The IMF is using SDRs (special drawing rights) in order to fund a supranational currency to pay for this fund. Not being an economist, I am unaware of how they can just create a new type of currency (or a variation on an old one actually). The International Monetary Fund seems to be creating a new mandate for itself by printing up a supranational medium of exchange. I’m not sure what I think of this. What is backing this currency?