From the UK Telegraph;
Arkady Dvorkevich, the Kremlin’s chief economic adviser, said Russia would favour the inclusion of gold bullion in the basket-weighting of a new world currency based on Special Drawing Rights issued by the International Monetary Fund.
Chinese and Russian leaders both plan to open debate on an SDR-based reserve currency as an alternative to the US dollar at the G20 summit in London this week, although the world may not yet be ready for such a radical proposal.
And from the same article;
China’s government has floated a variant of this idea, suggesting a currency based on 30 commodities along the lines of the “Bancor” proposed by John Maynard Keynes in 1944.
At least these people are thinking about ways to properly anchor the value of money.
The world does not need a single currency. However it does need a common currency. We used to use gold. At the moment we use the US dollar. Our current choice isn’t offering a lot of stability.