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Posts Tagged ‘Czech Koruna’

Previously, I wrote how the United States Postal Service has been undercutting the U.S. dollar since 2003, with IMF Special Drawing Rights (SDRs) accounting for the majority of their international accounts.

SDRs are a synthetic currency introduced by the International Monetary Fund in 1969, which are weighted based on the U.S. dollar, the Euro, the British pound and the Japanese yen.

As of 2010, there are only two currencies pegged to IMF SDRs, both since 1995. They are the Czech Koruna and the Jordanian Dinar. However, by 2012, the Czech Koruna is scheduled to be replaced by the Euro.

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