The Board of Governors of the International Monetary Fund, reduces the collection of currencies used to determine the value of the Special Drawing Right (unit of account) from 16 to five (weighted as follows):
- The “dollar” (42%),
- The Bundesmark of the socialist Federal Republic of (West) Germany (19%),
- The Franc of the Republic of France (13%),
- The “pound sterling (silver)” of the United Kingdom (13%), and
- The Yen of the Empire of Japan (13%).
NOTE: This is the further realization of plank number five of the “Communist Manifesto” by Karl Marx.
[restored 11/22/2022]
Subsequent Events:
References:
Special Drawing Rights
fx.sauder.ubc.ca/SDR.html
Communist Manifesto 10 Planks
www.libertyzone.com/Communist-Manifesto-Planks.html