Strauss-Kahn said such an asset could be similar to but distinctly different from the IMF's special drawing rights, or SDRs, the accounting unit that countries use to hold funds within the IMF. It is based on a basket of major currencies.
He said having other alternatives to the dollar "would limit the extent to which the international monetary system as a whole depends on the policies and conditions of a single, albeit dominant, country.""single, albeit dominant, country" Gee, wonder which country?
This is so far only a proposal. But it fits in with the on-going efforts of globalization. Every country would lose it's sovereignty. Subject to world courts, world legislation regarding food, fuel, water usage, GUNS!!!!