SDRs (SPECIAL DRAWING RIGHTs) AS COMMODITY MONEY OR SDRs AS A BASKET OF NATIONAL CURRENCIES?

The interest in creating a global currency intensifies itself during the period of crises and when looking for permanent solutions to get out of it and overcome its consequences. This implies that the absence of a global currency i.e. the functioning of the most developed countries’ national currencies in such a role leads to serious problems both in the national economies, and the relationships between them. Consequently, an opportunity of improving these situations is most often found in the revitalization of SDR. However, it is predicted which type of SDR it is spoken about: SDR as commodity money or SDR as a basket of national currencies. It is not all the same which type is preferable. In this paper, it is discussed about the achievement of both types given the differences in their inner logic of development as commodity money, and the consequences of their implementation.