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Australian Notes

Australian notes

24 July 2021

9:00 AM

24 July 2021

9:00 AM

Special Drawing Rights: one step closer to world government

Even among this journal’s well-informed readers, how many have heard of, let alone know anything about, Special Drawing Rights?

I ask for two reasons. First, because a new development regarding SDRs seems likely to prove financially costly for Australia. Second, having been present at their invention, I happen to know a lot about them.

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