The need for greater currency stability means the world can no longer rely on only one currency,...

|By:, SA News Editor

The need for greater currency stability means the world can no longer rely on only one currency, IMF chief Dominique Strauss-Kahn said, reiterating his hopes that a new global currency might evolve out of the IMF's in-house Special Drawing Right. It "probably has to be a basket," he said, adding that political willingness to overhaul the international monetary system will falter if visible signs of the global economic crisis fade too quickly.