Quasi-currencies are invariably inferior to the real thing.
ECONOMIST: Bribes and fines in fake money won't work
For domestic reasons, China should do this, along with several neighbours with quasi-managed currencies.
ECONOMIST: Asian currencies
Another alternative is a greater reliance on SDRs, the IMF's quasi-currency, which operates as a claim on a basket of currencies: the dollar, euro, sterling and yen.
ECONOMIST: Reserve currencies
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