| 19.08.2009 - SWFs may purchase SDR-denominated instruments-State Street |
| From Reuters: Sovereign wealth funds may decide to purchase instruments denominated in Special Drawing Rights to diversify, create more efficient portfolios and promote it as an alternative to the dollar, State Street said on Tuesday. SDRs, the International Monetary Fund's internal unit of account, have gained prominence recently when China proposed that they could be used as an alternative to the dollar as the world's reserve currency..........Full Article: Source |